Okla. Stat. tit. 14A, § 14A-2-305
This is the official text of Okla. Stat. tit. 14A, § 14A-2-305, 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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Sales made by telephone or mail
Official statutory text
(1) With respect to a consumer credit sale, other than a sale
made pursuant to a revolving charge account, if the seller receives
a purchase order or offer by mail or telephone without personal
solicitation, the seller complies with this part if (a) he makes
the disclosures at the time and in the manner provided in the
general disclosure requirements and provisions (Section 2-302), or
(b) the seller's catalog or other printed material distributed to
the public sets forth the cash price, the total sale price, and the
terms of financing, including the annual percentage rate, and before
the first payment is due on the sale, he gives the information
required by this part including the notice prescribed in subsection
(2).
(2) The notice shall be in writing and conspicuous and shall
provide that if the buyer does not wish to make the purchase on
credit, he, within fifteen (15) days after receiving the notice, may
prepay the obligation as to that purchase for an amount stated or
identified in the notice and avoid the payment of any credit service
charge as to that purchase. A prepayment under this section is
subject to the provisions of this act on prepayment, except that no
credit service charge shall be made if prepayment in full is made
within the period specified in the notice. Payment by mail is
effective when posted.
made pursuant to a revolving charge account, if the seller receives
a purchase order or offer by mail or telephone without personal
solicitation, the seller complies with this part if (a) he makes
the disclosures at the time and in the manner provided in the
general disclosure requirements and provisions (Section 2-302), or
(b) the seller's catalog or other printed material distributed to
the public sets forth the cash price, the total sale price, and the
terms of financing, including the annual percentage rate, and before
the first payment is due on the sale, he gives the information
required by this part including the notice prescribed in subsection
(2).
(2) The notice shall be in writing and conspicuous and shall
provide that if the buyer does not wish to make the purchase on
credit, he, within fifteen (15) days after receiving the notice, may
prepay the obligation as to that purchase for an amount stated or
identified in the notice and avoid the payment of any credit service
charge as to that purchase. A prepayment under this section is
subject to the provisions of this act on prepayment, except that no
credit service charge shall be made if prepayment in full is made
within the period specified in the notice. Payment by mail is
effective when posted.
Status: in_force · Read it on the official government site
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