Okla. Stat. tit. 14A, § 14A-2-402
This is the official text of Okla. Stat. tit. 14A, § 14A-2-402, 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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Use of multiple agreements
Official statutory text
A seller may not use multiple agreements with intent to obtain a
higher credit service charge than would otherwise be permitted by
this article or to avoid disclosure of an annual percentage rate
pursuant to the provisions on disclosure and advertising (Part 3).
The excess amount of credit service charge provided for in
agreements in violation of this section is an excess charge for the
purposes of the provisions on the effect of violations on rights of
Oklahoma Statutes - Title 14A. Consumer Credit Code Page 69
parties (Section 5-202) and the provisions on civil actions by
Administrator (Section 6-113).
higher credit service charge than would otherwise be permitted by
this article or to avoid disclosure of an annual percentage rate
pursuant to the provisions on disclosure and advertising (Part 3).
The excess amount of credit service charge provided for in
agreements in violation of this section is an excess charge for the
purposes of the provisions on the effect of violations on rights of
Oklahoma Statutes - Title 14A. Consumer Credit Code Page 69
parties (Section 5-202) and the provisions on civil actions by
Administrator (Section 6-113).
Status: in_force · Read it on the official government site
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