reglab/housing_qa huggingface dataset:
14A OK Stat § 14A-3-101 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-101. Short title.

|This article shall be known and may be cited as Uniform Consumer Credit Code - Loans. |Added by Laws 1969, c. 352, § 3-101, eff. July 1, 1969.
14A OK Stat § 14A-3-102 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-102. Scope.

|This article applies to consumer loans, including supervised loans, unless otherwise provided by a section of this article. |Added by Laws 1969, c. 352, § 3-102, eff. July 1, 1969. Amended by Laws 1980, c. 122, § 2, emerg. eff. April 15, 1980; Laws 1982, c. 335, § 32, operative June 1, 1982; Laws 2012, c. 172, § 3, eff. July 1, 2012.
14A OK Stat § 14A-3-102a (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-102a. Restrictions on political subdivision orders, ordinances and regulations – Injunctive relief.

|A. No municipality or other political subdivision of this state shall adopt or enforce any order, ordinance or regulation relating to any business or occupation licensed, regulated and controlled under the supervision of the Department of Consumer Credit as outlined in Section 3-102 et seq. of Title 14A of the Oklahoma Statutes that has the effect of any of the following: |1. The regulation of interest rates or fees charged by such business; or2. Through zoning or other measures, unduly restricts the location or placement of any business outlined in subsection A of this section.B. No municipality or other political subdivision of this state shall prevent any lender authorized and licensed to make loans under Section 3-102 et seq. of Title 14A of the Oklahoma Statutes from engaging in lending practices authorized by Section 3-102 et seq. of Title 14A of the Oklahoma Statutes.C. When a person's rights pursuant to the protections of the provisions of this section have been violated, the person shall have the right to bring an action in district court for injunctive relief.D. For purposes of this section, "unduly restricts" means an act which entirely prevents those businesses outlined in subsection A of this section from operating within municipal boundaries as a matter of law.Added by Laws 2020, c. 147, § 1, eff. Nov. 1, 2020.
14A OK Stat § 14A-3-103 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-103. Definitions in artlcle.

|The following definitions apply to this act and appear in this article as follows: |"Annual percentage rate" - Section 3-304(2)"Consumer loan" - Section 3-104"Consumer related loan" - Section 3-602(1)"Corresponding nominal annual percentage rate" - Section 3-304(3)."Lender" - Section 3-107(1)"Loan" - Section 3-106"Loan finance charge" - Section 3-109"Loan primarily secured by an interest in land" - Section 3-105"Precomputed" - Section 3-107(2)"Principal" - Section 3-107(3)"Revolving loan account" - Section 3-108"Supervised lender" - Section 3-501(2)"Supervised loan" - Section 3-501(1)Laws 1969, c. 352, § 3-103, eff. July 1, 1969.
14A OK Stat § 14A-3-104 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-104. Definition: "Consumer Loan".

|Except with respect to a loan primarily secured by an interest in land (Section 3-105 of this title), or except with respect to loans granted by institutions of postsecondary education except that such loans by institutions of postsecondary education shall be subject to disclosure requirements pursuant to Section 3-301 of this title and remedies for violation of disclosure provisions pursuant to Articles 5 and 6 of this title if otherwise they meet the definition of consumer loan, a "consumer loan" is a loan made by a person regularly engaged in the business of making loans in which: |(a)the debtor is a person other than an organization;(b)the debt is incurred primarily for a personal, family or household purpose;(c)either the debt is payable in installments or a loan finance charge is made; and(d)either the principal does not exceed Fifty Thousand Dollars ($50,000.00), unless the loan is a private education loan as that term is defined in Section 8 of this act, or the debt is secured by an interest in land. 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.Added by Laws 1969, c. 352, § 3-104, eff. July 1, 1969. Amended by Laws 1976, c. 190, § 1, emerg. eff. June 4, 1976; Laws 1982, c. 335, § 33, operative June 1, 1982; Laws 2012, c. 172, § 4, eff. July 1, 2012; Laws 2013, c. 99, § 3, eff. July 1, 2013.
14A OK Stat § 14A-3-105 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-105. Definition: "Loan primarily secured by an interest in land".

|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) and debtors' remedies (Section 5-201), "consumer loan" does not include a "loan primarily secured by an interest in land", if at the time the loan is made the value of this collateral is substantial in relation to the amount of the loan, and the loan finance charge does not exceed thirteen percent (13%) per year calculated according to the actuarial method on the unpaid balances of the principal 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, § 3-105, eff. July 1, 1969. Amended by Laws 1979, c. 218, § 1, emerg. eff. May 30, 1979; Laws 1980, c. 32, § 1, emerg. eff. Mar. 26, 1980; Laws 1980, c. 122, § 3, emerg. eff. April 15, 1980.
14A OK Stat § 14A-3-106 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-106. Definition: "Loan".

|(1) "Loan" includes |(a)the creation of debt by the lender's payment of or agreement to pay money to the debtor or to a third party for the account of the debtor;(b)the creation of debt by a credit to an account with the lender upon which the debtor is entitled to draw immediately;(c)the creation of debt pursuant to a lender credit card or similar arrangement, except that the creation of debt or the forbearance of debt arising from a sale or lease of goods or services pursuant to a lender credit card shall be a "loan" only as to the issuer of such card and not as to a seller nor a lessor nor any assignee of a seller's right to payment or lessor's right to payment; and(d)the forbearance of debt arising from a loan.(2) "Loan" does not include the creation of debt nor the forbearance of debt in connection with a sale or lease of goods or services arising pursuant to a seller credit card as to the issuer of such card, nor a seller, a lessor or any assignee of a seller's or lessor's right to payment, nor otherwise.Added by Laws 1969, c. 352, § 3-106, eff. July 1, 1969.
14A OK Stat § 14A-3-107 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-107. Definitions: "Lender"; "Precomputed"; "Principal".

|(1) Except as otherwise provided, "lender" includes an assignee of the lender's right to payment but use of the term does not in itself impose on an assignee any obligation of the lender with respect to events occurring before the assignment. |(2) A loan, refinancing, or consolidation is "precomputed" if the debt is expressed as a sum comprising the principal and the amount of the loan finance charge computed in advance.(3) "Principal" of a loan means the total of(a)the net amount paid to, receivable by, or paid or payable for the account of the debtor;(b)the amount of any discount excluded from the loan finance charge (subsection (2) of Section 3-109); and(c)to the extent that payment is deferred(i)amounts actually paid or to be paid by the lender for registration, certificate of title, or license fees if not included in (a); and(ii)additional charges permitted by this article (Section 3-202).Added by Laws 1969, c. 352, § 3-107, eff. July 1, 1969.
14A OK Stat § 14A-3-108 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-108. Definition: "Revolving loan account".

|"Revolving loan account" means an open-end credit plan between a lender and a debtor under |(1) which the lender reasonably contemplates repeated transactions, which prescribes the terms of such transactions, and pursuant to which the lender will permit the debtor to obtain loans from time to time; and(2) which provides for a loan finance charge which is not precomputed but is computed on the outstanding unpaid balances of the debtor's account from time to time.Added by Laws 1969, c. 352, § 3-108, eff. July 1, 1969. Amended by Laws 1982, c. 335, § 34, operative June 1, 1982.
14A OK Stat § 14A-3-109 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-109. Definition: "Loan finance charge".

|(1)(a)"Loan finance charge" means a finance charge composed of the sum of: |(i)all charges payable directly or indirectly by the debtor and imposed directly or indirectly by the lender as an incident to the extension of credit, including any of the following types of charges, which are applicable: interest or any amount payable under a point, discount, or other system of charges, however denominated, premium or other charge for any guarantee or insurance protecting the lender against the debtor's default or other credit loss; and(ii)charges incurred for investigating the collateral or credit worthiness of the debtor or for commissions or brokerage for obtaining the credit, irrespective of the person to whom the charges are paid or payable unless the lender had no notice of the charges when the loan was made.(b)The term does not include charges as a result of default, additional charges under Sections 3-202 and subsection (4) of 3-508A of this title, delinquency charges under Section 3-203 of this title, deferral charges under Section 3-204 of this title, charges of a type payable in a comparable cash transaction, or sellers points. The finance charge shall not include fees and amounts imposed by third-party closing agents, including settlement agents, attorneys, and escrow and title companies, if the creditor does not require the imposition of the charges or the services provided and does not retain the charges. Examples of charges which are included in the finance charge include any of the following types of charges which are applicable:(i)Interest, time price differential, and any amount payable under a point, discount, or other system of additional charges;(ii)Service or carrying charge;(iii)Loan fee, finder's fee, or similar charge;(iv)Fee for an investigation or credit report;(v)Premium or other charge for any guarantee or insurance protecting the creditor against the obligor's default or other credit loss; and(vi)Borrower-paid mortgage broker fees, including fees paid directly to the broker or the lender, for delivery to the broker, whether such fees are paid in cash or financed.(2) If a lender makes a loan to a debtor by purchasing or satisfying obligations of the debtor pursuant to a lender credit card or similar arrangement, and the purchase or satisfaction is made at less than the face amount of the obligation, the discount is not part of the loan finance charge.Added by Laws 1969, c. 352, § 3-109, eff. July 1, 1969. Amended by Laws 1982, c. 335, § 35, operative June 1, 1982; Laws 2000, c. 217, § 5, eff. July 1, 2000; Laws 2002, c. 249, § 3, eff. Nov. 1, 2002; Laws 2021, c. 142, § 2, eff. Nov. 1, 2021.
14A OK Stat § 14A-3-202.1 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-202.1. Return of dishonored check, negotiable order of withdrawal or share draft - Fee.

|The lender of a consumer loan may charge and collect from the debtor 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 debtor in connection with the consumer loan. 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 loan finance charges, fees and additional charges which the lender may charge and collect from the debtor under this Code and shall not be subject to refund or rebate. |Added by Laws 1984, c. 51, § 2, emerg. eff. March 28, 1984. Amended by Laws 2000, c. 114, § 2, eff. Nov. 1, 2000.
14A OK Stat § 14A-3-203.1 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-203.1. Credit to finance medical goods and services - Contract for delinquency charges.

|With respect to a revolving loan account or other similar arrangement which may be used by the debtor exclusively for the purpose of obtaining credit to finance medical goods and services, the parties may contract for a delinquency charge on any installment not paid in full within ten (10) days after its scheduled due date in an amount, not exceeding the greater of: Five Dollars ($5.00) or five percent (5%) of the unpaid amount of the installment. For purposes of this section, the term "installment" shall mean, with respect to a revolving loan account, the minimum periodic payment required to be made by the debtor under the terms of the account agreement between the lender and the debtor. |Added by Laws 1988, c. 114, § 2, emerg. eff. April 6, 1988.
14A OK Stat § 14A-3-203.2 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-203.2. Revolving loan credit card accounts - Additional charges.

|With respect to a consumer revolving loan account accessed by a lender credit card or similar arrangement, the lender may contract for and receive the following charges, in addition to those set forth in Section 3-202 of this title: |(a)A delinquency charge with respect to any payment due in connection with a billing cycle under the account, to be payable if the payment is not made within ten (10) days after its due date. 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 lender discloses delinquency charges to the debtor as they are imposed and informs the debtor of the full amount that the debtor must pay for the applicable period in order to remain current on the account;(b)An over-limit charge for each time the debtor exceeds the designated credit limit on the account; and(c)A returned item charge for each return by a bank or other depository institution of a dishonored check, negotiable order of withdrawal or share draft issued by the debtor in connection with the account.Added by Laws 1998, c. 352, § 4, eff. July 1, 1998. Amended by Laws 2000, c. 217, § 7, eff. July 1, 2000.
14A OK Stat § 14A-3-204 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-204. Deferral charges.

|(1) With respect to any consumer loan, refinancing, or consolidation, the parties before or after default may agree in writing to a deferral of all or part of one or more unpaid installments. |(2) With respect to a consumer loan, refinancing, or consolidation, which is not precomputed, at the time of deferral the debtor may agree in writing to a deferral charge that the lender may make and collect.(3) With respect to a precomputed consumer loan, refinancing, or consolidation, the lender may make and collect a charge not exceeding the rate previously stated to the debtor pursuant to the provisions on disclosure (Part 3) applied to the amount or amounts deferred for the period of deferral calculated without regard to difference in the lengths of months, but proportionally for a part of a month, counting each day as one-thirtieth (1/30) of a month.(4) A deferral charge may be collected at the time it is assessed or at any time thereafter.(5) The lender may, in addition to the deferral charge, make appropriate additional charges (Section 3-202). The amount of these additional charges which is not paid in cash may be added to the amount financed. With respect to a precomputed consumer loan, refinancing, or consolidation, these additional charges not paid in cash may be considered part of the amount deferred for the purpose of calculating the deferral charge.(6) The parties may agree in writing at the time of a precomputed consumer loan, refinancing, or consolidation that if an installment is not paid within ten (10) days after its due date, the lender may unilaterally grant a deferral and make charges as provided in subsection (3) of this section.(7) No deferral charge may be made for a period after the date that the lender elects to accelerate the maturity of the agreement, except in circumstances where the lender waives the acceleration and the parties then mutually agree to a deferral.(8) With respect to a precomputed consumer loan, refinancing, or consolidation, a delinquency charge made by the lender on an installment may not be retained if a deferral charge is made pursuant to this section with respect to the period of delinquency.Added by Laws 1969, c. 352, § 3-204, eff. July 1, 1969. Amended by Laws 2003, c. 65, § 2, emerg. eff. April 10, 2003.
14A OK Stat § 14A-3-205 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-205. Loan finance charge on refinancing.

|With respect to a consumer loan, refinancing, or consolidation, other than one made under Section 3-508B of this title, the lender may by agreement with the debtor refinance the unpaid balance and may contract for and receive a loan finance charge based on the principal resulting from the refinancing at a rate not exceeding that permitted by the provisions on loan finance charge for consumer loans (Section 3-201) or the provisions on loan finance charge for supervised loans (Section 3-508A), whichever is appropriate. For the purpose of determining the loan finance charge permitted, other than in relation to Section 3-508B, the principal resulting from the refinancing comprises the following: |(1) if the transaction was not precomputed, the total of the unpaid balance and the accrued charges on the date of the refinancing, or, if the transaction was precomputed, the amount which the debtor would have been required to pay upon prepayment pursuant to the provisions on rebate upon prepayment (Section 3-210) on the date of refinancing, except that for the purpose of computing this amount no minimum charge (Section 3-210) shall be allowed; and(2) appropriate additional charges (Section 3-202), payment of which is deferred.Added by Laws 1969, c. 352, § 3-205, eff. July 1, 1969. Amended by Laws 1997, c. 288, § 2.
14A OK Stat § 14A-3-206 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-206. Loan finance charge on consolidation.

|(1) If a debtor owes an unpaid balance to a lender with respect to a consumer loan, refinancing, or consolidation, other than one made under Section 3-508B of this title, and becomes obligated on another consumer loan, refinancing, or consolidation with the same lender, the parties may agree to a consolidation resulting in a single schedule of payments. If the previous consumer loan, refinancing, or consolidation was not precomputed, the parties may agree to add the unpaid amount of principal and accrued charges on the date of consolidation to the principal with respect to the subsequent loan. If the previous consumer loan, refinancing, or consolidation was precomputed, the parties may agree to refinance the unpaid balance pursuant to the provisions on refinancing (Section 3-205) and to consolidate the principal resulting from the refinancing by adding it to the principal with respect to the subsequent loan. In either case the lender may contract for and receive a loan finance charge based on the aggregate principal resulting from the consolidation at a rate not in excess of that permitted by the provisions on loan finance charge for consumer loans (Section 3-201) or the provisions on loan finance charge for supervised loans (Section 3-508A), whichever is appropriate. |(2) The parties may agree to consolidate the unpaid balance of a consumer loan, other than one made under Section 3-508B of this title, with the unpaid balance of a consumer credit sale. The parties may agree to refinance the previous unpaid balance pursuant to the provisions on refinancing sales (Section 2-205) or the provisions on refinancing loans (Section 3-205), whichever is appropriate, and to consolidate the amount financed resulting from the refinancing or the principal resulting from the refinancing by adding it to the amount financed or principal with respect to the subsequent sale or loan. The aggregate amount resulting from the consolidation shall be deemed principal, and the creditor may contract for and receive a loan finance charge based on the principal at a rate not in excess of that permitted by the provisions on loan finance charge for consumer loans (Section 3-201) or the provisions on loan finance charge for supervised loans (Section 3-508A), whichever is appropriate.Added by Laws 1969, c. 352, § 3-206, eff. July 1, 1969. Amended by Laws 1997, c. 288, § 3.
14A OK Stat § 14A-3-207 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-207. Conversion to revolving loan account.

|The parties may agree to add to a revolving loan account the unpaid balance of a consumer loan, not made pursuant to a revolving loan account, or a refinancing, or consolidation thereof, or the unpaid balance of a consumer credit sale, refinancing, or consolidation. For the purpose of this section |(1) the unpaid balance of a consumer loan, refinancing, or consolidation is an amount equal to the principal determined according to the provisions on refinancing (Section 3-205); and(2) the unpaid balance of a consumer credit sale, refinancing, or consolidation is an amount equal to the amount financed determined according to the provisions on refinancing (Section 2-205).Added by Laws 1969, c. 352, § 3-207, eff. July 1, 1969.