2015 Oklahoma Statutes
Title 14A. Consumer Credit Code
§14A-2-414. Limitation on default charges.

14A OK Stat § 14A-2-414 (2015) What's This?

Except for reasonable expenses incurred in realizing on a security interest, the agreement with respect to a consumer credit sale may not provide for any charges as a result of default by the buyer other than those authorized by this act. A provision in violation of this section is unenforceable.

Added by Laws 1969, c. 352, § 2-414, eff. July 1, 1969.

Disclaimer: These codes may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.