Okla. Stat. tit. 14A, § 14A-2-112
This is the official text of Okla. Stat. tit. 14A, § 14A-2-112, 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.
Sale of motor vehicles - Taking security in other
Official statutory text
vehicles.
A seller in a consumer credit sale of a motor vehicle may secure
the debt arising from the sale by contracting for a security
interest in any other motor vehicle used for the purpose of
transportation of persons or property, as well as the motor vehicle
which is the subject of the sale. Provided, further, that the
Oklahoma Statutes - Title 14A. Consumer Credit Code Page 25
amount of the debt secured by property other than the motor vehicle
which is the subject of the sale shall be clearly set forth and when
the total debt is reduced to an amount equal to or less than the
amount secured by the motor vehicle which is the subject of the
sale, a release of the security agreement as to such "other vehicle"
will be furnished to the debtor upon request but such partial
release shall not impair the security interest on the motor vehicle
which was the subject of the sale. The total amount secured by any
transaction authorized hereunder cannot exceed the amount of the
sale price of the motor vehicle, and further, the seller cannot
advance money or other things of value to be included in such
consumer transaction.
A seller in a consumer credit sale of a motor vehicle may secure
the debt arising from the sale by contracting for a security
interest in any other motor vehicle used for the purpose of
transportation of persons or property, as well as the motor vehicle
which is the subject of the sale. Provided, further, that the
Oklahoma Statutes - Title 14A. Consumer Credit Code Page 25
amount of the debt secured by property other than the motor vehicle
which is the subject of the sale shall be clearly set forth and when
the total debt is reduced to an amount equal to or less than the
amount secured by the motor vehicle which is the subject of the
sale, a release of the security agreement as to such "other vehicle"
will be furnished to the debtor upon request but such partial
release shall not impair the security interest on the motor vehicle
which was the subject of the sale. The total amount secured by any
transaction authorized hereunder cannot exceed the amount of the
sale price of the motor vehicle, and further, the seller cannot
advance money or other things of value to be included in such
consumer transaction.
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.