Oklahoma Administrative Code
Title 85 - State Banking Department
Chapter 25 - Savings and Loan Associations

Originally codified at OAC 625 on 12-31-91

Effective 7-1-93, the Oklahoma Savings and Loan Board was abolished and rulemaking authority was transferred to the State Banking Commissioner. Pursuant to SB 31 (1993), the rules of the Savings and Loan Board "shall continue in effect until such rules . . . are amended or repealed by rule of the State Banking Commissioner" [Laws 1993, c. 183, § 31(C)]. In 2000, the Banking Commissioner promulgated several amendments to rules in Title 625, which were published in the 2000 OAC Supplement and the 2001 Edition of the OAC. However, as of the cutoff date for the 2006 Edition of the OAC, the Commissioner had not promulgated rules in Title 85 to replace the rules in Title 625. Therefore, on 11-1-06, the Editor renumbered the rules from Title 625 to this Chapter 25 of the Banking Department's Title 85. As set forth in SB 31, "[a]ny references to the Oklahoma Savings and Loan Board in [these] rules . . . shall mean the State Banking Commissioner" [Laws 1993, c. 183, § 31(B)].

Authority: 18 O.S., § 381.5