reglab/housing_qa huggingface dataset:
14A OK Stat § 14A-1-202 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-1-202. Exclusions.

|This act does not apply to |(1) Extensions of credit to government or governmental agencies or instrumentalities;(2) The sale of insurance by an insurer, except as otherwise provided in the article on insurance (Article 4);(3) Transactions under public utility or common carrier tariffs if a subdivision or agency of this state or of the United States regulates the charges for the services involved, the charges for delayed payment and any discount allowed for early payment;(4) Pawnbrokers engaging in pawn transactions as defined in the Oklahoma Pawnshop Act; or(5) Loans made to enable the debtor to build or purchase a residence or to refinance such loan when made by a lender whose loans are supervised by an agency of the United States or made by a Federal Housing Administration approved mortgagee unless the loan is made subject to this act by agreement (Section 3-601), and except as provided with respect to disclosure (Section 3-301), debtors' remedies (Section 5-201) and loan finance charges for other loans (Section 3-605).Added by Laws 1969, c. 352, § 1-202, eff. July 1, 1969. Amended by Laws 1972, c. 255, § 13; Laws 1980, c. 122, § 1, emerg. eff. April 15, 1980; Laws 1982, c. 335, § 2, operative June 1, 1982.
14A OK Stat § 14A-1-302 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-1-302. Definition: "Federal Consumer Credit Protection Act".

|In this title, "Federal Consumer Credit Protection Act" means the Consumer Credit Protection Act (Public Law 90-321; 82 Stat. 146), as amended, including the amendments to the Federal Consumer Credit Protection Act in the Truth in Lending Simplification and Reform Act (Public Law 96-221; 94 Stat. 168-185) and the Dodd-Frank Wall Street Reform and Consumer Protection Act (Public Law 11-203), and includes regulations issued pursuant to those Acts by the Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau, as applicable. |Added by Laws 1969, c. 352, § 1-302, eff. July 1, 1969. Amended by Laws 1982, c. 335, § 3, operative Oct. 1, 1982; Laws 2013, c. 99, § 2, eff. July 1, 2013.
14A OK Stat § 14A-1-303 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-1-303. Index of definitions in act.

|Definitions in this title and the sections in which they appear are: |“Actuarial method” - Section 1-301(1)“Administrator” - Section 1-301(2)“Administrator” - Section 6-103“Agreement” - Section 1-301(3)“Agricultural purpose” - Section 1-301(4)“Amount financed” - Section 2-111“Annual percentage rate” (sale) - Section 2-304(2)“Annual percentage rate” (loan) - Section 3-304(2)“Cash price” - Section 2-110“Closing costs” - Section 1-301(5)“Conspicuous” - Section 1-301(6)“Consumer credit insurance” - Section 4-103“Consumer credit sale” - Section 2-104“Consumer lease” - Section 2-106“Consumer loan” - Section 3-104“Corresponding nominal annual percentage rate” (sale) - Section 2-304(3)“Corresponding nominal annual percentage rate” (loan) - Section 3-304(3)“Credit” - Section 1-301(7)“Credit service charge” - Section 2-109“Earnings” - Section 1-301(8)“Federal Consumer Credit Protection Act” - Section 1-302“Goods” - Section 2-105(1)“Home solicitation sale” - Section 2-501“Lender” - Section 3-107(1)“Lender credit card or similar arrangement” - Section 1-301(9)“License” - Section 3-503“Loan” - Section 3-106“Loan finance charge” - Section 3-109“Loan primarily secured by an interest in land” - Section 3-105“Merchandise certificate” - Section 2-105(2)“Official fees” - Section 1-301(11)“Organization” - Section 1-301(12)“Payable in installments” - Section 1-301(13)“Person” - Section 1-301(14)“Person related to” - Section 1-301(15)“Precomputed (loan)” - Section 3-107(2)“Precomputed (sale)” - Section 2-105(7)“Presumed” or “presumption” - Section 1-301(16)“Principal” - Section 3-107(3)“Residential mortgage transaction” – Section 1-301(17)“Reverse mortgage transaction” – Section 1-301(18)“Revolving charge account” - Section 2-108“Revolving loan account” - Section 3-108“Sale of goods” - Section 2-105(4)“Sale of an interest in land” - Section 2-105(6)“Sale of services” - Section 2-105(5)“Seller” - Section 2-107“Seller credit card” - Section 1-301(19)“Services” - Section 2-105(3)“Subsection 10 mortgage” – Section 1-301(10)“Supervised financial organization” - Section 1-301(20)“Supervised lender” - Section 3-501(2)“Supervised loan” - Section 3-501(1)Added by Laws 1969, c. 352, § 1-303, eff. July 1, 1969. Amended by Laws 1982, c. 335, § 4, operative June 1, 1982; Laws 2000, c. 217, § 2, eff. July 1, 2000.
14A OK Stat § 14A-2-101 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-2-101. Short title.

|This article shall be known and may be cited as Uniform Consumer Credit Code - Credit Sales. |Added by Laws 1969, c. 352, § 2-101, eff. July 1, 1969.
14A OK Stat § 14A-2-102 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-2-102. Scope.

|This article applies to consumer credit sales, including home solicitation sales, and consumer leases. |Added by Laws 1969, c. 352, § 2-102, eff. July 1, 1969. Amended by Laws 1982, c. 335, § 5, operative June 1, 1982.
14A OK Stat § 14A-2-103 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-2-103. Definitions in article.

|The following definitions apply to this act and appear in this article as follows: |"Amount financed" - Section 2-111"Annual percentage rate" - Section 2-304(2)"Cash price" - Section 2-110"Consumer credit sale" - Section 2-104"Consumer lease" - Section 2-106"Corresponding nominal annual percentage rate" - Section 2-304(3) "Credit service charge" - Section 2-109"Goods" - Section 2-105(1)"Home solicitation sale" - Section 2-501"Merchandise certificate" - Section 2-105(2)"Precomputed" - Section 2-105(7)"Revolving charge account" - Section 2-108"Sale of goods" - Section 2-105(4)"Sale of an interest in land" - Section 2-105(6)"Sale of services" - Section 2-105(5)"Seller" - Section 2-107"Services" - Section 2-105(3)Added by Laws 1969, c. 352, § 2-103, eff. July 1, 1969. Amended by Laws 1982, c. 335, § 6, operative June 1, 1982.
14A OK Stat § 14A-2-104 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-2-104. Definition: "Consumer credit sale".

|(1) Except as provided in subsection (2), "consumer credit sale" is a sale of goods, services or an interest in land in which |(a)credit is granted by a person who regularly engages as a seller in credit transactions of the same kind;(b)the buyer is a person other than an organization;(c)the goods, services or interest in land are purchased primarily for a personal, family or household purpose;(d)either the debt is payable in installments or a credit service charge is made; and(e)with respect to a sale of goods or services, the amount financed does not exceed Fifty Thousand Dollars ($50,000.00). The dollar amount in this paragraph shall be adjusted annually as indicated by the Consumer Financial Protection Bureau by the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers, as published by the Bureau of Labor Statistics, rounded to the nearest multiple of One Hundred Dollars ($100.00) or One Thousand Dollars ($1,000.00) as applicable.(2) Unless the sale is made subject to the Uniform Consumer Credit Code by agreement (Section 2-601), "consumer credit sale" does not include(a)a sale in which the seller allows the buyer to purchase goods or services pursuant to a lender credit card or similar arrangement; or(b)except as provided with respect to disclosure (Section 2-301) and debtors' remedies (Section 5-201), a sale of an interest in land if the credit service charge does not exceed thirteen percent (13%) per year calculated according to the actuarial method on the unpaid balances of the amount financed on the assumption that the debt will be paid according to the agreed terms and will not be paid before the end of the agreed term.Added by Laws 1969, c. 352, § 2-104, eff. July 1, 1969. Amended by Laws 1980, c. 346, § 1, eff. Oct. 1, 1980; Laws 1982, c. 335, § 7, operative June 1, 1982; Laws 2012, c. 172, § 1, eff. July 1, 2012.
14A OK Stat § 14A-2-105 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-2-105. Definitions: "Goods"; "Merchandise certificate"; "Services"; "Sale of goods"; "Sale of services"; "Sale of an interest in land"; "Precomputed".

|(1) "Goods" includes goods not in existence at the time the transaction is entered into and merchandise certificates, but excludes money, chattel paper, documents of title, and instruments. |(2) "Merchandise certificate" means a writing issued by a seller not redeemable in cash and usable in its face amount in lieu of cash in exchange for goods or services.(3) "Services" includes(a)work, labor, and other personal services:(b)privileges with respect to transportation, hotel and restaurant accommodations, education, entertainment, recreation, physical culture, hospital accommodations, funerals, cemetery accommodations, and the like; and(c)insurance provided by a person other than the insurer.(4) "Sale of goods" includes any agreement in the form of a bailment or lease of goods if the bailee or lessee agrees to pay as compensation for use a sum substantially equivalent to or in excess of the aggregate value of the goods involved and it is agreed that the bailee or lessee will become, or for no other or a nominal consideration has the option to become, the owner of the goods upon full compliance with his obligations under the agreement.(5) "Sale of services" means furnishing or agreeing to furnish services and includes making arrangements to have services furnished by another.(6) "Sale of an interest in land" includes a lease in which the lessee has an option to purchase the interest and all or a substantial part of the rental or other payments previously made by him are applied to the purchase price.(7) A sale, refinancing, or consolidation is "precomputed" if the debt is expressed as a sum comprising the amount financed and the amount of the credit service charge computed in advance.Added by Laws 1969, c. 352, § 2-105, eff. July 1, 1969.
14A OK Stat § 14A-2-106 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-2-106. Definition: "Consumer lease".

|(1) "Consumer lease" means a lease of goods |(a)which a lessor regularly engaged in the business of leasing makes to a person, other than an organization, who takes under the lease primarily for a personal, family or household purpose;(b)in which the amount payable under the lease does not exceed Fifty Thousand Dollars ($50,000.00). The dollar amount in this paragraph shall be adjusted annually as indicated by the Consumer Financial Protection Bureau by the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers, as published by the Bureau of Labor Statistics, rounded to the nearest multiple of One Hundred Dollars ($100.00) or One Thousand Dollars ($1,000.00) as applicable; and(c)which is for a term exceeding four (4) months.(2) "Consumer lease" does not include a lease made pursuant to a lender credit card or similar arrangement.Added by Laws 1969, c. 352, § 2-106, eff. July 1, 1969. Amended by Laws 1982, c. 335, § 8, operative June 1, 1982; Laws 2012, c. 172, § 2, eff. July 1, 2012.
14A OK Stat § 14A-2-107 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-2-107. Definition: "Seller".

|Except as otherwise provided, "seller" includes an assignee of the seller's right to payment but use of the term does not in itself impose on an assignee any obligation of the seller with respect to events occurring before the assignment. |Added by Laws 1969, c. 352, § 2-107, eff. July 1, 1969.
14A OK Stat § 14A-2-108 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-2-108. Definition: "Revolving charge account".

|"Revolving charge account" means an open end credit plan between a seller and a buyer under |(1) which the seller reasonably contemplates repeated transactions, which prescribes the terms of such transactions, and pursuant to which the seller will permit the buyer to purchase goods or services on credit either from the seller or pursuant to a seller credit card; and(2) which provides for a credit service charge which is not precomputed but is computed on the outstanding unpaid balances of the buyer's account from time to time.Added by Laws 1969, c. 352, § 2-108, eff. July 1, 1969. Amended by Laws 1982, c. 335, § 9, operative June 1, 1982.
14A OK Stat § 14A-2-109 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-2-109. Definition: "Credit service charge".

|"Credit service charge" means a finance charge composed of the sum of |(1) all charges payable directly or indirectly by the buyer and imposed directly or indirectly by the seller as an incident to the extension of credit, including any of the following types of charges which are applicable: time price differential, service, carrying or other charge, however denominated, premium or other charge for any guarantee or insurance protecting the seller against the buyer's default or other credit loss; and(2) charges incurred for investigating the collateral or credit worthiness of the buyer or for commissions or brokerage for obtaining the credit, irrespective of the person to whom the charges are paid or payable, unless the seller had no notice of the charges when the credit was granted. The term does not include charges as a result of default, additional charges (Section 2-202), delinquency charges (Section 2-203), deferral charges (Section 2-204), sellers points or charges of a type payable in a comparable cash transaction.Added by Laws 1969, c. 352, § 2-109, eff. July 1, 1969. Amended by Laws 1982, c. 335, § 10, operative June 1, 1982.
14A OK Stat § 14A-2-110 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-2-110. Definition: "Cash price".

|Except as the Administrator may otherwise prescribe by rule, the "cash price" of goods, services, or an interest in land means the price at which the goods, services, or interest in land are offered for sale by the seller to cash buyers in the ordinary course of business, and may include |(1) applicable sales, use, and excise and documentary stamp taxes;(2) the cash price of accessories or related services such as delivery, installation, servicing, repairs, alterations, and improvements; and(3) amounts actually paid or to be paid by the seller for registration, certificate of title, or license fees.The cash price stated by the seller to the buyer pursuant to the provisions on disclosure (Part 3) of this article is presumed to be the cash price.Added by Laws 1969, c. 352, § 2-110, eff. July 1, 1969.
14A OK Stat § 14A-2-111 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-2-111. Definition: "Amount financed".

|"Amount financed" means the total of the following items to the extent that payment is deferred: |(1) the cash price of the goods, services, or interest in land, less the amount of any down payment whether made in cash or in property traded in;(2) the amount actually paid or to be paid by the seller pursuant to an agreement with the buyer to discharge a security interest in or a lien on property traded in; and(3) if not included in the cash price(a)any applicable sales, use, or excise and documentary stamp taxes;(b)amounts actually paid or to be paid by the seller for registration, certificate of title, or license fees; and(c)additional charges permitted by this article (Section 2-202).Added by Laws 1969, c. 352, § 2-111, eff. July 1, 1969.
14A OK Stat § 14A-2-112 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-2-112. Sale of motor vehicles - Taking security in other vehicles.

|A seller in a consumer credit sale of a motor vehicle may secure the debt arising from the sale by contracting for a security interest in any other motor vehicle used for the purpose of transportation of persons or property, as well as the motor vehicle which is the subject of the sale. Provided, further, that the amount of the debt secured by property other than the motor vehicle which is the subject of the sale shall be clearly set forth and when the total debt is reduced to an amount equal to or less than the amount secured by the motor vehicle which is the subject of the sale, a release of the security agreement as to such "other vehicle" will be furnished to the debtor upon request but such partial release shall not impair the security interest on the motor vehicle which was the subject of the sale. The total amount secured by any transaction authorized hereunder cannot exceed the amount of the sale price of the motor vehicle, and further, the seller cannot advance money or other things of value to be included in such consumer transaction. |Laws 1974, c. 255, § 1.
14A OK Stat § 14A-2-202 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-2-202. Additional charges.

|(1) In addition to the credit service charge permitted by this part, a seller may contract for and receive the following additional charges in connection with a consumer credit sale: |(a)official fees that are itemized and disclosed in accordance with rules of the Administrator, reasonable closing costs, and taxes;(b)charges for insurance as described in subsection (2);(c)charges for other benefits, including insurance, conferred on the buyer, if the benefits are of value to him and if the charges are reasonable in relation to the benefits, are of a type which is not for credit, and are excluded as permissible additional charges from the credit service charge by rule adopted by the Administrator; and(d)charges to recover the costs associated with processing applications, including but not limited to cost of services such as credit reports and credit investigations.(2) An additional charge may be made for insurance written in connection with the sale, other than insurance protecting the seller against the buyer's default or other credit loss,(a)with respect to insurance against loss of or damage to property, or against liability, if the seller furnishes a clear and specific statement in writing to the buyer, setting forth the cost of the insurance if obtained from or through the seller, and stating that the buyer may choose the person through whom the insurance is to be obtained; and(b)with respect to consumer credit insurance providing life, accident or health coverage, if the insurance coverage is not a factor in the approval by the seller of the extension of credit and this fact is clearly disclosed in writing to the buyer, and if, in order to obtain the insurance in connection with the extension of credit, the buyer gives specific affirmative written indication of his desire to do so after written disclosure to him of the cost thereof.Added by Laws 1969, c. 352, § 2-202, eff. July 1, 1969. Amended by Laws 1970, c. 282, § 2; Laws 1982, c. 335, § 11, operative June 1, 1982; Laws 1991, c. 331, § 59, eff. Sept. 1, 1991.
14A OK Stat § 14A-2-202.1 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-2-202.1. Return of dishonored check, negotiable order of withdrawal or share draft fee.

|The seller may charge and collect from the buyer a fee for each return by a bank or other depository institution of a dishonored check, negotiable order of withdrawal or share draft issued by the buyer in connection with a consumer credit sale. The amount of the fee shall be limited to the amount which the Oklahoma Tax Commission or a motor license agent may charge and collect pursuant to the provisions of Section 1121 of Title 47 of the Oklahoma Statutes. This fee shall be in addition to all other credit service charges, fees or additional charges which the seller may charge and collect from the buyer under this Code. |Added by Laws 1984, c. 51, § 1, emerg. eff. March 28, 1984. Amended by Laws 2000, c. 114, § 1, eff. Nov. 1, 2000.
14A OK Stat § 14A-2-202.2 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-2-202.2. Over-the-limit charge.

|The seller on a revolving charge account accessed by a seller credit card or similar arrangement may contract for and collect from the buyer an over-the-limit charge of Ten Dollars ($10.00) for each time the buyer exceeds the designated credit limit on the amount. This charge shall be in addition to all other credit service charges, fees or additional charges which the seller may charge and collect from the buyer under the Uniform Consumer Credit Code, Section 1-101 et seq. of this title. |Added by Laws 1988, c. 35, § 2, operative July 1, 1988. Amended by Laws 1989, c. 122, § 1, eff. July 1, 1989.
14A OK Stat § 14A-2-203 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-2-203. Delinquency charges.

|(1) With respect to a consumer credit sale, refinancing, or consolidation, including a revolving charge account, the parties may contract for a delinquency charge on any installment not paid in full within ten (10) days after its scheduled due date as follows: |(a)an amount, not exceeding the greater of five percent (5%) of the unpaid portion of the scheduled installment or Five Dollars ($5.00), subject to adjustment pursuant to Section 1-106 of this title; or(b)the deferral charge, as set forth in subsection (1) of Section 2-204 of this title, that would be permitted to defer the unpaid amount of the installment for the period that it is delinquent.However, a minimum late fee of Five Dollars ($5.00) may be contracted for by the parties under either paragraph (a) or (b) of this subsection.(2) A delinquency charge under paragraph (a) of subsection (1) of this section may be collected only once on an installment however long it remains in default. No delinquency charge may be collected if the installment has been deferred and a deferral charge, Section 2-204 of this title, has been paid or incurred. A delinquency charge may be collected at the time it accrues or at any time thereafter.(3) No delinquency charge may be collected on an installment which is paid in full within ten (10) days after its scheduled installment due date even though an earlier maturing installment or a delinquency charge on an earlier installment may not have been paid in full. For purposes of this subsection payments are applied first to current installments and then to delinquent installments.(4) With regard to a revolving account, no more than one delinquency charge may be imposed in each billing cycle and it may be collected at any time after it accrues either independently of any payment made on the account or from a payment made if the seller discloses delinquency charges to the buyer on the billing statement.Added by Laws 1969, c. 352, § 2-203, eff. July 1, 1969. Amended by Laws 1988, c. 35, § 1, operative July 1, 1988; Laws 1989, c. 122, § 2, eff. July 1, 1989; Laws 2000, c. 217, § 3, eff. July 1, 2000; Laws 2002, c. 249, § 2, eff. Nov. 1, 2002.