Okla. Stat. tit. 12A, § 12A-3-112
This is the official text of Okla. Stat. tit. 12A, § 12A-3-112, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Interest
Official statutory text
INTEREST
(a) Unless otherwise provided in the instrument, (i) an
instrument is not payable with interest, and (ii) interest on an
interest-bearing instrument is payable from the date of the
instrument.
(b) Interest may be stated in an instrument as a fixed or
variable amount of money or it may be expressed as a fixed or
variable rate or rates. The amount or rate of interest may be
stated or described in the instrument in any manner and may require
reference to information not contained in the instrument. If an
instrument provides for interest, but the amount of interest payable
cannot be ascertained from the description, interest is payable at
the judgment rate in effect at the place of payment of the
instrument and at the time interest first accrues.
(a) Unless otherwise provided in the instrument, (i) an
instrument is not payable with interest, and (ii) interest on an
interest-bearing instrument is payable from the date of the
instrument.
(b) Interest may be stated in an instrument as a fixed or
variable amount of money or it may be expressed as a fixed or
variable rate or rates. The amount or rate of interest may be
stated or described in the instrument in any manner and may require
reference to information not contained in the instrument. If an
instrument provides for interest, but the amount of interest payable
cannot be ascertained from the description, interest is payable at
the judgment rate in effect at the place of payment of the
instrument and at the time interest first accrues.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.