Okla. Stat. tit. 14A, § 14A-2-310

(1) Before opening any account under a revolving charge account

plan, the creditor shall give to the consumer the following

information:

(a) conditions under which a credit service charge may be

made, including the time period, if any, within which

Oklahoma Statutes - Title 14A. Consumer Credit Code Page 46

any credit extended may be repaid without incurring a

credit service charge, except that the creditor may,

at his election and without disclosure, impose no such

credit service charge if payment is received after the

termination of such period. If no time period is

provided, the creditor shall disclose that fact;

(b) method of determining the balance upon which a credit

service charge will be computed;

(c) method of determining the amount of the credit service

charge, including any minimum or fixed amount imposed

as a finance charge, and where one or more periodic

rates may be used to compute the credit service

charge, each such rate and the range of balances to

which it is applicable;

(d) corresponding nominal annual percentage rate pursuant

to subsection (3) of Section 2-304 of this title; if

more than one corresponding nominal annual percentage

rate may be used, each corresponding nominal annual

percentage rate shall be stated;

(e) identification of additional charges which may be made

and the method by which they will be determined;

(f) in cases where the creditor may retain or acquire a

security interest in property to secure the balances

resulting from credit extensions made pursuant to the

revolving charge account, a statement that a security

interest has been or will be taken in the property

purchased as part of the credit transaction, or

property not purchased as part of the credit

transaction identified by item or type;

(g) a statement in a form prescribed by and describing the

protection provided by Sections 161 and 170 of the

Federal Consumer Credit Protection Act to an obligor

and the responsibilities of a creditor under Sections

162 and 170 of the Federal Consumer Credit Protection

Act; and

(h) in the case of any account under a revolving charge

account plan which provides for any extension of

credit which is secured by the consumer's principal

dwelling, any information which:

(i) is required to be disclosed under subsection (1)

of Section 2-310.2 of this title; and

(ii) the Administrator determines is not described in

any other paragraph of this subsection.

(2) If there is an outstanding balance at the end of the

billing cycle or if a credit service charge is made with respect to

the billing cycle, the creditor shall give to the consumer the

Oklahoma Statutes - Title 14A. Consumer Credit Code Page 47

following information within a reasonable time after the end of the

billing cycle:

(a) outstanding balance at the beginning of the billing

cycle;
(2) If there is an outstanding balance at the end of the

billing cycle or if a credit service charge is made with respect to

the billing cycle, the creditor shall give to the consumer the

Oklahoma Statutes - Title 14A. Consumer Credit Code Page 47

following information within a reasonable time after the end of the

billing cycle:

(a) outstanding balance at the beginning of the billing

cycle;

(b) amount and date of each extension of credit during the

billing cycle and a brief identification of each

extension of credit on or accompanying the statement

in a form prescribed by regulations of the

Administrator to enable the consumer to identify the

transaction, or relate it to copies of sale vouchers

or similar instruments previously furnished; except

that a creditor's failure to disclose information in

accordance with this paragraph shall not be deemed a

failure to comply with this part if the creditor

maintains procedures reasonably adapted to procure and

provide such information and the creditor responds to

and treats any inquiry for clarification or

documentation as a billing error and an erroneously

billed amount in accordance with Section 161 of the

Federal Consumer Credit Protection Act. In lieu of

complying with the requirements of the previous

sentence, and to the extent permitted by rules of the

Administrator, in the case of any transaction in which

the creditor and the person responsible for providing

disclosure are the same as defined by the

Administrator and the person's revolving charge

account plan has fewer than fifteen thousand (15,000)

accounts, the creditor may elect to provide only the

amount and date of each extension of credit during the

billing cycle and the seller's name and location where

the transaction took place if a brief identification

of the transaction has been previously furnished and

the creditor responds to and treats any inquiry for

clarification or documentation as a billing error and

an erroneously billed amount in accordance with

Section 161 of the Federal Consumer Credit Protection

Act.

(c) amount credited to the account during the billing

cycle;

(d) amount of credit service charge debited during the

billing cycle, with an itemization or explanation to

show the total amount of credit service charge, if

any, due to the application of one or more periodic

percentages and the amount, if any, imposed as a

minimum or fixed charge;

(e) the periodic percentage used to calculate the credit

service charge; if more than one periodic percentage

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is used, each percentage and the amount of the balance

to which each applies shall be disclosed;

(f) the balance on which the credit service charge is

computed and a statement of how the balance is

determined; if the balance is determined without first

deducting all amounts credited during the period, that

fact and the amounts credited shall also be stated;

(g) if the credit service charge for the billing cycle

exceeds fifty cents ($0.50) for a monthly or longer

billing cycle, or the pro rata part of the fifty cents

($0.50) for a billing cycle shorter than monthly, the

credit service charge expressed as an annual

percentage rate pursuant to paragraph (b) of

subsection (2) of Section 2-304 of this title; if more

than one periodic percentage is used to calculate the

credit service charge, the creditor, in lieu of

stating a single annual percentage rate, may state

more than one annual percentage rate and the amount of

the balance to which each annual percentage rate

applies;

(h) if the credit service charge for the billing cycle

does not exceed fifty cents ($0.50) for a monthly or

longer billing cycle, or the pro rata part of fifty

cents ($0.50) for a billing cycle shorter than

monthly, the corresponding nominal annual percentage

rate pursuant to subsection (3) of Section 2-304 of

this title;
amount of

the balance to which each annual percentage rate

applies;

(h) if the credit service charge for the billing cycle

does not exceed fifty cents ($0.50) for a monthly or

longer billing cycle, or the pro rata part of fifty

cents ($0.50) for a billing cycle shorter than

monthly, the corresponding nominal annual percentage

rate pursuant to subsection (3) of Section 2-304 of

this title;

(i) outstanding balance at the end of the billing cycle;

(j) date by which or period, if any, within which payment

must be made to avoid additional credit service

charges, except that the creditor may, at his election

and without disclosure, impose no such additional

credit service charge if payment is received after

such date or the termination of such period; and

(k) address to be used by the creditor for the purpose of

receiving billing inquiries.