Okla. Stat. tit. 14A, § 14A-2-405
This is the official text of Okla. Stat. tit. 14A, § 14A-2-405, 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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Balloon payments
Official statutory text
With respect to a consumer credit sale, other than one pursuant
to a revolving charge account, if any scheduled payment is more than
twice as large as the average of earlier scheduled payments, the
buyer has the right to refinance the amount of that payment at the
time it is due without penalty. The terms of the refinancing shall
be no less favorable to the buyer than the terms of the original
sale. These provisions do not apply to the extent that the payment
schedule is adjusted to the seasonal or irregular income of the
buyer.
to a revolving charge account, if any scheduled payment is more than
twice as large as the average of earlier scheduled payments, the
buyer has the right to refinance the amount of that payment at the
time it is due without penalty. The terms of the refinancing shall
be no less favorable to the buyer than the terms of the original
sale. These provisions do not apply to the extent that the payment
schedule is adjusted to the seasonal or irregular income of the
buyer.
Status: in_force · Read it on the official government site
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