Oklahoma Administrative Code
Title 160 - Department of Consumer Credit
Chapter 50 - Health Spas
Subchapter 7 - Presale Requirements
Section 160:50-7-6 - Substantial Completion
Universal Citation: OK Admin Code 160:50-7-6
Current through Vol. 41, No. 13, March 15, 2024
(a) A buyer who has paid money in a presale arrangement may submit a written request to the Administrator for a refund under the Act. If the Administrator determines that the health spa has not satisfied the substantial completion requirement, the Administrator shall authorize repayment to the buyer from the presale funds held in the health spa's account, from the health spa's assets or from the health spa's bond, whichever is applicable. [59:2003(A)(2)]
Added at 8 Ok Reg 3531, eff 8-28-91 (emergency); Added at 9 Ok Reg 2289, eff 6-25-92; Amended at 16 Ok Reg 2160, eff 6-25-99
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