Okla. Stat. tit. 14A, § 14A-2-413
This is the official text of Okla. Stat. tit. 14A, § 14A-2-413, 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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Attorney's fees
Official statutory text
With respect to a consumer credit sale or with respect to a
consumer lease the agreement may provide for the payment by the
buyer or lessee of reasonable attorney's fees not in excess of
fifteen percent (15%) of the unpaid debt after default and referral
to an attorney not a salaried employee of the seller, or of the
lessor or his assignee; provided, however, that no attorney's fee
shall be allowed if the amount financed is One Thousand Dollars
($1,000.00) or less and the credit service charge exceeds ten
percent (10%) per year calculated according to the actuarial method.
Provided further, however, a court may award reasonable attorney's
fees to a prevailing litigant in any transaction where such fees may
be awarded in accordance with other statutes of this state. A
provision in violation of this section is unenforceable.
consumer lease the agreement may provide for the payment by the
buyer or lessee of reasonable attorney's fees not in excess of
fifteen percent (15%) of the unpaid debt after default and referral
to an attorney not a salaried employee of the seller, or of the
lessor or his assignee; provided, however, that no attorney's fee
shall be allowed if the amount financed is One Thousand Dollars
($1,000.00) or less and the credit service charge exceeds ten
percent (10%) per year calculated according to the actuarial method.
Provided further, however, a court may award reasonable attorney's
fees to a prevailing litigant in any transaction where such fees may
be awarded in accordance with other statutes of this state. A
provision in violation of this section is unenforceable.
Status: in_force · Read it on the official government site
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