Okla. Stat. tit. 14A, § 14A-2-108
This is the official text of Okla. Stat. tit. 14A, § 14A-2-108, 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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Definition: "Revolving charge account"
Official statutory text
"Revolving charge account" means an open end credit plan between
a seller and a buyer under
(1) which the seller reasonably contemplates repeated
transactions, which prescribes the terms of such transactions, and
pursuant to which the seller will permit the buyer to purchase goods
or services on credit either from the seller or pursuant to a seller
credit card; and
(2) which provides for a credit service charge which is not
precomputed but is computed on the outstanding unpaid balances of
the buyer's account from time to time.
a seller and a buyer under
(1) which the seller reasonably contemplates repeated
transactions, which prescribes the terms of such transactions, and
pursuant to which the seller will permit the buyer to purchase goods
or services on credit either from the seller or pursuant to a seller
credit card; and
(2) which provides for a credit service charge which is not
precomputed but is computed on the outstanding unpaid balances of
the buyer's account from time to time.
Status: in_force · Read it on the official government site
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