Okla. Stat. tit. 14A, § 14A-1-201A
This is the official text of Okla. Stat. tit. 14A, § 14A-1-201A, part of Oklahoma’s Stat. tit. 14A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 14A,." Browse the sections below, each linked to its official government source.
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Extraterritorial application
Official statutory text
With respect to a consumer credit sale or consumer loan to which
this Code does not otherwise apply by reason of Section 1-201, if,
pursuant to a solicitation relating to a consumer credit sale or
loan received in this state, a person who is a resident of this
state sends a signed writing evidencing the obligation or offer of
the person to a creditor in another state, and the person receives
the goods or services purchased or the cash proceeds of the loan in
this state:
1. The creditor may not contract for or receive charges
exceeding those permitted by this Code, and such charges as do
exceed those permitted are excess charges for purposes of Sections
5-202 (3) and (4) and 6-113 of the Code and such sections shall
apply as though the consumer credit sale or consumer loan were made
in this state; and
2. The provisions on powers and functions of administrator
(Part 1 of Article 6 of this Code) shall apply as though the
consumer credit sale or consumer loan were made in this state.
this Code does not otherwise apply by reason of Section 1-201, if,
pursuant to a solicitation relating to a consumer credit sale or
loan received in this state, a person who is a resident of this
state sends a signed writing evidencing the obligation or offer of
the person to a creditor in another state, and the person receives
the goods or services purchased or the cash proceeds of the loan in
this state:
1. The creditor may not contract for or receive charges
exceeding those permitted by this Code, and such charges as do
exceed those permitted are excess charges for purposes of Sections
5-202 (3) and (4) and 6-113 of the Code and such sections shall
apply as though the consumer credit sale or consumer loan were made
in this state; and
2. The provisions on powers and functions of administrator
(Part 1 of Article 6 of this Code) shall apply as though the
consumer credit sale or consumer loan were made in this state.
Status: in_force · Read it on the official government site
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