Commission on Consumer Credit
The Commission on Consumer Credit is the governing body of the department. The commission consists of nine members appointed by the Governor of Oklahoma with the consent of the Oklahoma Senate. Five of those members are appointed at-large members and four members are appointed as follows: one member is recommended by the Oklahoma Consumer Finance Association, one from the Independent Finance Institute, one from the Oklahoma Pawnbrokers Association and one from the Oklahoma Association of Mortgage Professionals. The State Banking Commissioner is a non-voting tenth member of the commission.
The term of each members, excluding the State Banking Commissioner, is five years. Members of the commission are eligible for reappointment. No more than three members at-large of the commission are to be of the same political party. No more than two of the additional members are to be of the same political party.
The primary duties of the commission include the establish of rules to regulate to consumer credit market and to appoint the Administrator of the department, who serves at the pleasure of the commission.
Independent agencies of the United States federal government are agencies that exist outside the federal executive departments and the Executive Office of the President. In a narrower sense, the term refers only to those independent agencies that, while considered part of the executive branch, have regulatory or rulemaking authority and are insulated from presidential control, usually because the president's power to dismiss the agency head or a member is limited.
The Texas Department of Insurance (TDI) regulates insurers and other companies that conduct insurance business in Texas, and assists Texas-based insurance consumers. TDI was founded in 1876 as the Department of Insurance, Statistics and History.
The Legislature of the State of Oklahoma is the state legislative branch of the U.S. state of Oklahoma. The Oklahoma House of Representatives and Oklahoma Senate are the two houses that make up the bicameral state legislature. There are 101 state representatives, each serving a two-year term, and 48 state senators, who serve four-year terms that are staggered so only half of the Oklahoma Senate districts are eligible in each election cycle. Legislators are elected directly by the people from single member districts of equal population. The Oklahoma Legislature meets annually in the Oklahoma State Capitol in Oklahoma City.
The Secretary of State of the State of Oklahoma is the chief clerical officer of Oklahoma and a member of the Oklahoma Governor's Cabinet. The Secretary of State is the only appointed constitutional member of the executive branch of the Oklahoma state government. The office of Secretary of State was elective from statehood until 1975 when the Constitution was amended and it became an appointive office, running concurrent with the Governor effective in 1979.
The government of the U.S. State of Oklahoma, established by the Oklahoma Constitution, is a republican democracy modeled after the federal government of the United States. The state government has three branches: the executive, legislative, and judicial. Through a system of separation of powers or "checks and balances," each of these branches has some authority to act on its own, some authority to regulate the other two branches, and has some of its own authority, in turn, regulated by the other branches.
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Thomas E. Daxon is an American businessman and politician from Oklahoma. Daxon has held numerous positions with the Oklahoma state government, including being elected Oklahoma State Auditor and Inspector in 1978 and serving as the Oklahoma Secretary of Finance and Revenue under Governor of Oklahoma Frank Keating. He was the Republican nominee for governor in the 1982 election, ultimately losing to Democratic incumbent George Nigh.
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