Okla. Admin. Code § 160:60-1-3 - Definitions

Current through Vol. 39, No. 14, April 01, 2022

Except as otherwise specifically defined in this section, the definitions set forth in the Act are incorporated herein and made a part hereof. The following words or terms, when used in this chapter, shall have the following meaning, unless the context clearly indicates otherwise:

"Act" means the Precious Metal and Gem Dealer Licensing Act beginning at § 1521 of Title 59 of the Oklahoma Statutes.

"APA" means the Administrative Procedures Act beginning at § 250 of Title 75 of the Oklahoma Statutes.

"Days" mean calendar days. In computing any period of time for communications between a licensee and the Department or a court, the day of the event from which the designated period of time begins to run shall not be included. The last day of the period so computed shall be included, unless it is a day that the business, the Department or the office of the court clerk is closed.

"Department" means the Oklahoma State Department of Consumer Credit.

"Goods" mean used articles made, in whole or in part, of precious metals or gems.

"Licensee" means a dealer or employee that has been given authority by the Administrator to engage in transactions in goods within Oklahoma.

"Location," "place" or "premises" means a site owned or leased and permanently occupied by a dealer where the goods for sale are displayed and offered for sale during regular business hours, and where the records are maintained and kept.


Okla. Admin. Code § 160:60-1-3
Added at 16 Ok Reg 2178, eff 6-25-99; Amended at 23 Ok Reg 2952, eff 7-13-06

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