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2016 Oklahoma Statutes
Title 14A. Consumer Credit Code
§14A-2-406. Restriction on liability in consumer lease.

14A OK Stat § 14A-2-406 (2016) What's This?

The obligation of a lessee upon expiration of a consumer lease may not exceed twice the average payment allocable to a monthly period under the lease. This limitation does not apply to charges for damages to the leased property or for other default.

Added by Laws 1969, c. 352, § 2-406, eff. July 1, 1969. Amended by Laws 1982, c. 335, § 27, operative June 1, 1982.

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