Okla. Stat. tit. 14A, § 14A-1-106

(1) From time to time the dollar amounts in paragraphs (a), (b)

and (c) of subsection (2) of Section 2-201, paragraph (a) of

subsection (1) of Section 2-203, subsection (1) of Section 2-407,

Section 2-413, paragraph (b) of subsection (1) of Section 3-203,

Section 3-203.1, subsection (4) of Section 3-508A, subsection (1) of

Section 3-510, paragraphs (a) and (b) of Section 3-511, Section 3-

514, and subsections (2) and (3) of Section 5-103 of the Uniform

Consumer Credit Code, are hereby designated as subject to change and

shall change, as provided in this section and the rules of the

Administrator, according to and to the extent of changes in the

Consumer Price Index for Urban Wage Earners and Clerical Workers:

U.S. City Average, All Items, 1967=100, compiled by the Bureau of

Labor Statistics, United States Department of Labor, and hereafter

referred to as the Index. The Index for December of the year 1973

shall be deemed the Reference Base Index. The dollar amounts

established by rule of the Administrator in paragraph (e) of

subsection (1) of Section 2-104, paragraph (b) of subsection (1) of

Section 2-106 and paragraph (d) of Section 3-104 of the Uniform

Consumer Credit Code in effect on January 1, 1982, shall remain in

full force and effect.

Oklahoma Statutes - Title 14A. Consumer Credit Code Page 7

(2) From time to time, the dollar amounts in subsection (1) of

Section 3-508B of the Uniform Consumer Credit Code are hereby

designated as subject to change and shall change, as provided in

this section and the rules of the Administrator, according to and to

the extent of changes in the Consumer Price Index for Urban Wage

Earners and Clerical Workers: U.S. City Average, All Items, 1982-

84=100, compiled by the Bureau of Labor Statistics, United States

Department of Labor, and hereafter referred to as the Index. The

Index for December 2020 shall be deemed the Reference Base Index.

(3) The designated dollar amounts referenced in subsection (1)

of this section shall change on July 1 of each year if the

percentage of change, calculated to the nearest whole percentage

point, between the Index at the end of the preceding year and the

Reference Base Index is ten percent (10%) or more, but:

(a) the portion of the percentage change in the Index in

excess of a multiple of ten percent (10%) shall be

disregarded and the dollar amounts shall change only

in multiples of ten percent (10%) of the amounts

appearing in the Uniform Consumer Credit Code; and

(b) the dollar amounts shall not change if the amounts

required by this section are those currently in effect

pursuant to the Uniform Consumer Credit Code as a

result of earlier application of this section.

(4) The designated dollar amounts referenced in subsection (2)

of this section shall change on July 1 of each year if the

percentage of change, calculated to the nearest whole percentage

point, between the Index at the end of the preceding year and the

Reference Base Index is one percent (1%) or more, but:

(a) the portion of the percentage change shall change only

in multiples of one percent (1%); and
signated dollar amounts referenced in subsection (2)

of this section shall change on July 1 of each year if the

percentage of change, calculated to the nearest whole percentage

point, between the Index at the end of the preceding year and the

Reference Base Index is one percent (1%) or more, but:

(a) the portion of the percentage change shall change only

in multiples of one percent (1%); and

(b) the dollar amounts shall not change if the amounts

required by this section are those currently in effect

pursuant to the Uniform Consumer Credit Code as a

result of earlier application of this section.

(5) If the Index is revised, the percentage of change pursuant

to this section shall be calculated on the basis of the revised

Index. If a revision of the Index changes the Reference Base Index,

a revised Reference Base Index shall be determined by multiplying

the Reference Base Index then applicable by the rebasing factor

furnished by the United States Bureau of Labor Statistics. If the

Index is superseded, the Index referred to in this section shall be

the one represented by the United States Bureau of Labor Statistics

as reflecting most accurately changes in the purchasing power of the

dollar for consumers.

(6) The rules of the Administrator shall provide for

appropriate notice to licensees and other interested persons of any

changes in the dollar amounts which result from changes required by

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this section no later than April 30 of each year. Each dollar

amount subject to change as provided in this section shall be listed

in an appendix to the rules of the Administrator and shall be

published in the Oklahoma Administrative Code. Changes to the

appendix shall be submitted to the Secretary of State prior to the

annual deadline for submitting material for publication in the Code.

Changes in the appendix shall not be construed as rulemaking.

(7) A person does not violate the Uniform Consumer Credit Code

with respect to a transaction otherwise complying with the Uniform

Consumer Credit Code if he or she relies on dollar amounts either

determined according to this section or appearing in the last rule

of the Administrator announcing the then current dollar amounts.