Oklahoma § 14A-3-810 Bond - Letter of credit.

Oklahoma Statutes

§ 14A-3-810 — Bond - Letter of credit.

Oklahoma § 14A-3-810

Title 14AConsumer Credit Code

This text of Oklahoma § 14A-3-810 (Bond - Letter of credit.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 14A, § 14A-3-810 (2026).

Text

BOND; LETTER OF CREDIT.

A.The Administrator may require an applicant or license holder to file a bond with the application in an amount not to exceed Fifty Thousand Dollars ($50,000.00).

B.The bond terms shall run concurrent with the licensing period. The bond shall provide that the license holder will, during the licensing period: 1. Faithfully conform to and abide by: a. the requirements of this act, and b. the rules adopted by the Administrator to administer this act; and 2. Provide any amount that may become due or owing to the state from the license holder under this act.

C.In lieu of the bond, the applicant or license holder, at the applicant's or license holder's option, may post an irrevocable letter of credit.

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BOND; LETTER OF CREDIT. A. The Administrator may require an applicant or license holder to file a bond with the application in an amount not to exceed Fifty Thousand Dollars ($50,000.00). B. The bond terms shall run concurrent with the licensing period. The bond shall provide that the license holder will, during the licensing period: 1. Faithfully conform to and abide by: a. the requirements of this act, and b. the rules adopted by the Administrator to administer this act; and 2. Provide any amount that may become due or owing to the state from the license holder under this act. C. In lieu of the bond, the applicant or license holder, at the applicant's or license holder's option, may post an irrevocable letter of credit.