The OCCC dilemmas licenses that are several registrations required for different credit companies. any office of credit rating Commissioner maintains regulatory oversight of six types of licensed companies and four types of authorized companies.
Licensed companies consist of those who have to get functional licenses through the agency and that are susceptible to routine and examination that is periodic of, procedures https://paydayloanssolution.org/installment-loans-ny/, and conformity with statute and regulatory settings.
Registered industries consist of the ones that have to register utilizing the agency but they are maybe maybe maybe not susceptible to routine and regular exams. Although the agency doesn’t keep assessment and enforcement authority of these companies, it will retain the straight to investigate customer issues and complaints regarding these authorized entities.
New Applications Procedure Notice Successful September 1, 2015, all applications for the license that is new enrollment needs to be submitted through the online system “ALECS” (Application, Licensing, Examination, Compliance System). Read More