2022 Oklahoma Statutes
Title 14A. Consumer Credit Code
§14A-6-116. Report on conclusion of examination – Preservation of examinations and reports.
A. Upon the conclusion of any examination conducted by the Department of Consumer Credit pursuant to this or any other act administered by the Administrator of Consumer Credit, the Administrator may make and file in the Office of the Administrator a report in detail disclosing the results of such examination or may, on conditions prescribed by the Administrator, prepare a summary memorandum regarding the results of such examination, and shall, upon request by the examined party, mail a copy of such report or memorandum to the examined party.
B. All examinations and reports received by the Administrator shall be preserved in the Office of the Administrator for a period of not less than five (5) years. Such examinations and reports and all other records of licensed entities are to be kept confidential, except as otherwise permitted by law. Copies of such examinations and reports in the possession of an institution under the Department's supervision are the property of the Department and are not subject to disclosure to third parties, including disclosure or production pursuant to subpoena or other request. However, an institution in possession of a copy of such examinations and reports may disclose the examinations and reports to its accountants, advisors, consultants and legal counsel. An institution in possession of a copy of examinations and reports may also disclose such examinations and reports to other persons or entities with the prior written approval of the Administrator or Deputy Administrator. All requests for review of such examinations and reports, other than an institution's accountants, advisors, consultants, legal counsel or a third party that has obtained the written approval of the Administrator or Deputy Administrator, shall be directed to the Department and are subject to the requirements of Section 3 of this act.
Added by Laws 2019, c. 103, § 2, eff. Nov. 1, 2019.
