Okla. Stat. tit. 14A, § 14A-1-102

(1) This act shall be liberally construed and applied to

promote its underlying purposes and policies.

(2) The underlying purposes and policies of this act are

(a) to simplify, clarify and modernize the law governing

retail installment sales, consumer credit, small loans

and usury;

(b) to provide rate ceilings to assure an adequate supply

of credit to consumers;

(c) to further consumer understanding of the terms of

credit transactions and to foster competition among

suppliers of consumer credit so that consumers may

obtain credit at reasonable cost;

(d) to protect consumer buyers, lessees, and borrowers

against unfair practices by some suppliers of consumer

credit, having due regard for the interests of

legitimate and scrupulous creditors;

(e) to permit and encourage the development of fair and

economically sound consumer credit practices;

(f) to conform the regulation of consumer credit

transactions to the policies of the Federal Consumer

Credit Protection Act; and

Oklahoma Statutes - Title 14A. Consumer Credit Code Page 6

(g) to make uniform the law including administrative rules

among the various jurisdictions.

(3) A reference to a requirement imposed by this act includes

reference to a related rule of the Administrator adopted pursuant to

this act.