Okla. Stat. tit. 14A, § 14A-2-206
This is the official text of Okla. Stat. tit. 14A, § 14A-2-206, 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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Credit service charge on consolidation
Official statutory text
If a buyer owes an unpaid balance to a seller with respect to a
consumer credit sale, refinancing, or consolidation, and becomes
obligated on another consumer credit sale, refinancing, or
consolidation, with the same seller, the parties may agree to a
consolidation resulting in a single schedule of payments pursuant to
either of the following subsections:
(1) The parties may agree to refinance the unpaid balance with
respect to the previous sale pursuant to the provisions on
refinancing (Section 2-205) and to consolidate the amount financed
resulting from the refinancing by adding it to the amount financed
with respect to the subsequent sale. The seller may contract for
and receive a credit service charge based on the aggregate amount
financed resulting from the consolidation at a rate not exceeding
that permitted by the provisions on credit service charge for
consumer credit sale (Section 2-201).
(2) The parties may agree to consolidate by adding together the
unpaid balances with respect to the two sales.
consumer credit sale, refinancing, or consolidation, and becomes
obligated on another consumer credit sale, refinancing, or
consolidation, with the same seller, the parties may agree to a
consolidation resulting in a single schedule of payments pursuant to
either of the following subsections:
(1) The parties may agree to refinance the unpaid balance with
respect to the previous sale pursuant to the provisions on
refinancing (Section 2-205) and to consolidate the amount financed
resulting from the refinancing by adding it to the amount financed
with respect to the subsequent sale. The seller may contract for
and receive a credit service charge based on the aggregate amount
financed resulting from the consolidation at a rate not exceeding
that permitted by the provisions on credit service charge for
consumer credit sale (Section 2-201).
(2) The parties may agree to consolidate by adding together the
unpaid balances with respect to the two sales.
Status: in_force · Read it on the official government site
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