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The seller is responsible for ensuring the license remains active throughout the transfer process. 63 O.S. § 427.14c(C). This includes the timely submission of the renewal application and payment of the renewal application and tier fees. 63 O.S. 427.14c(C). Upon submission of the transfer application, the new owner is responsible for paying an application fee of $2,500 plus the tier fee. 63 O.S. § 427.14c(H). The tier fee paid by the new owner is calculated based on the seller’s use of the license during the previous 12 months. 63 O.S. § 427.14.
When both a renewal and a transfer application are pending, OMMA prioritizes processing the renewal application first. Once all fees associated with the renewal application are paid, OMMA processes the transfer application. 63 O.S. 427.14(G)(1). Upon approval of the new owner’s OBNDD registration, the license term for the newly transferred license will begin. 63 O.S. § 427.14c(B). The fee for location change requests remains $500. OAC 442:10-5-2(e)(2)(A).
Note: Pursuant to 63 O.S. § 427.14(N), a renewal application is only considered timely if submitted between 120 and 60 days before the license expiration date. An application submitted less than 60 days before expiration is not considered a timely renewal submission; however, a renewal application submitted less than 60 days before expiration but before the license expires will not incur a late fee. In this case, the license will expire on its expiration date and remain expired until OMMA approves the renewal application. A renewal application submitted after the license has expired incurs a late fee of $500 per week, and the licensee cannot operate while the license is in expired status. The license may not be used until OMMA approves the renewal application. A license that has been expired for more than 60 calendar days cannot be renewed.
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