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2020 NOTICES OF RULE MAKING INTENT - HOME
TITLE 660. DEPARTMENT OF SECURITIES
CHAPTER 20. OKLAHOMA SUBDIVIDED LAND SALES CODE
 
RULEMAKING ACTION:
  Notice of proposed PERMANENT rulemaking
PROPOSED RULES:
  Subchapter 1. General Provisions
660:20-1-3. Definitions [AMENDED]
Subchapter 3. Registration of Subdivided Land
660:20-3-4. Renewal procedures [AMENDED]
SUMMARY:
 

The proposed rule amendments provide for the elimination of language relating to fees and costs not authorized by statute and reference the Oklahoma Subdivided Land Sales Code for certain definitions.

The Administrator finds that the subject rules and rule amendments are necessary or appropriate in the public interest or for the protection of investors and are consistent with the purposes intended by the Oklahoma Subdivided Land Sales Code.

AUTHORITY:
 

Administrator, Oklahoma Department of Securities; 71 O.S. 1-605, 1-608

COMMENT PERIOD:
 

Persons wishing to present their views in writing may do so before 5:00 p.m., March 19, 2020, at the Oklahoma Department of Securities, City Place, 204 North Robinson Avenue, Suite 400, Oklahoma City, OK 73102-7001.

PUBLIC HEARING:
 

A public hearing will be held at 10:00 a.m. on Friday, March 27, 2020, to provide an opportunity for persons to orally present their views. Each person will be allowed a maximum of 10 minutes to speak and must sign in at the door by 9:30 a.m. in the conference room at the Oklahoma Department of Securities, City Place, 204 North Robinson Avenue, Suite 400, Oklahoma City, OK 73102-7001.

REQUEST FOR COMMENTS FROM BUSINESS ENTITIES:
 

Business entities should evaluate the effect of the proposed rule and amendments upon their business operations. The Department requests that business entities that would be affected by the proposed rule and/or amendments provide the Department, within the comment period, in dollar amounts, if possible, any increase in the level of direct costs, indirect costs, or other costs expected to be incurred due to compliance with the proposed rule and/or amendments. Business entities may submit this information in writing to Faye Morton, at the above address, before the close of the comment period on March 19, 2020.

COPIES OF PROPOSED RULES:
 

The public may access copies of the proposed rules on the Department’s website at www.securities.ok.gov or obtain copies for review between 8:00 a.m. and 5:00 p.m., Monday through Friday, at the offices of the Oklahoma Department of Securities, City Place, 204 North Robinson, Suite 400, Oklahoma City, OK 73102-7001, telephone (405) 280-7700.

RULE IMPACT STATEMENT:
 

A rule impact statement will be available as of March 4, 2020, at the Oklahoma Department of Securities (address, telephone number and website as listed above).

CONTACT PERSON:
 

Faye Morton, General Counsel, Oklahoma Department of Securities, (405) 280-7727