Rent-to-own News - Oklahama rent-to-own dealers face few challenges

Members of the Oklahoma Rental Dealers Association held their annual meeting November 13 in Tulsa to elect new officers and share information. ORDA President Randy Braucher of Stanley's Get It Today reports that rental dealers in the state face few obstacles in doing business, which was verified by ORDA Lobbyist Steve Kelly and Department of Consumer Credit Examiner Curt Daniels. "In Oklahoma, rent-to-own stores are required to undergo an annual audit by the Department of Consumer Credit—along with other industries such as pawnshops, mortgage brokers, etc.—and Curt Daniels reported that rent-to-own stores have by far the least numbers of issues or complaints than the other industries they audit," says Braucher.

And ORDA Lobbyist Steve Kelly reported that there weren't any negative issues facing the state rent-to-own industry floating around the state legislature these days, either. "Overall, it was a great meeting," says Braucher. "What our members enjoy the most is the open discussion time where we all share information about issues we face in our day-to-day operations. Some of the things that came up were the audits, the new flammability bedding law, operating issues and bed bugs." ORDA re-elected Braucher to serve as president, Rob Lewis of Rent-A-Center as vice president, Dale Frederick of Bargain Center as secretary and Craig Stanley of Stanley's Get It Today as treasurer. Five vendors were on hand for brief presentations after lunch, including High Touch, DSI, C&L Supply, Alamo EHP and RentDirect Nationwide. Nationwide generously sponsored the meeting.