Okla. Stat. tit. 14A, § 14A-2-109
This is the official text of Okla. Stat. tit. 14A, § 14A-2-109, 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.
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.
Definition: "Credit service charge"
Official statutory text
"Credit service charge" means a finance charge composed of the
sum of
(1) all charges payable directly or indirectly by the buyer and
imposed directly or indirectly by the seller as an incident to the
extension of credit, including any of the following types of charges
which are applicable: time price differential, service, carrying or
other charge, however denominated, premium or other charge for any
guarantee or insurance protecting the seller against the buyer's
default or other credit loss; and
(2) charges incurred for investigating the collateral or credit
worthiness of the buyer or for commissions or brokerage for
obtaining the credit, irrespective of the person to whom the charges
are paid or payable, unless the seller had no notice of the charges
when the credit was granted. The term does not include charges as a
result of default, additional charges (Section 2-202), delinquency
charges (Section 2-203), deferral charges (Section 2-204), sellers
points or charges of a type payable in a comparable cash
transaction.
Oklahoma Statutes - Title 14A. Consumer Credit Code Page 24
sum of
(1) all charges payable directly or indirectly by the buyer and
imposed directly or indirectly by the seller as an incident to the
extension of credit, including any of the following types of charges
which are applicable: time price differential, service, carrying or
other charge, however denominated, premium or other charge for any
guarantee or insurance protecting the seller against the buyer's
default or other credit loss; and
(2) charges incurred for investigating the collateral or credit
worthiness of the buyer or for commissions or brokerage for
obtaining the credit, irrespective of the person to whom the charges
are paid or payable, unless the seller had no notice of the charges
when the credit was granted. The term does not include charges as a
result of default, additional charges (Section 2-202), delinquency
charges (Section 2-203), deferral charges (Section 2-204), sellers
points or charges of a type payable in a comparable cash
transaction.
Oklahoma Statutes - Title 14A. Consumer Credit Code Page 24
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.