A. No municipality or other political subdivision of this state shall adopt or enforce any order, ordinance or regulation relating to any business or occupation licensed, regulated and controlled under the supervision of the Department of Consumer Credit as outlined in Section 3-102 et seq. of Title 14A of the Oklahoma Statutes that has the effect of any of the following:
1. The regulation of interest rates or fees charged by such business; or
2. Through zoning or other measures, unduly restricts the location or placement of any business outlined in subsection A of this section.
B. No municipality or other political subdivision of this state shall prevent any lender authorized and licensed to make loans under Section 3-102 et seq. of Title 14A of the Oklahoma Statutes from engaging in lending practices authorized by Section 3-102 et seq. of Title 14A of the Oklahoma Statutes.
C. When a person's rights pursuant to the protections of the provisions of this section have been violated, the person shall have the right to bring an action in district court for injunctive relief.
D. For purposes of this section, "unduly restricts" means an act which entirely prevents those businesses outlined in subsection A of this section from operating within municipal boundaries as a matter of law.
Added by Laws 2020, c. 147, § 1, eff. Nov. 1, 2020.