Okla. Stat. tit. 14A, § 14A-3-105
This is the official text of Okla. Stat. tit. 14A, § 14A-3-105, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Definition: "Loan primarily secured by an interest in
Official statutory text
land".
Unless the loan is made subject to this act by agreement
(Section 3-601), and except as provided with respect to disclosure
(Section 3-301) and debtors' remedies (Section 5-201), "consumer
loan" does not include a "loan primarily secured by an interest in
land", if at the time the loan is made the value of this collateral
is substantial in relation to the amount of the loan, and the loan
Oklahoma Statutes - Title 14A. Consumer Credit Code Page 80
finance charge does not exceed thirteen percent (13%) per year
calculated according to the actuarial method on the unpaid balances
of the principal on the assumption that the debt will be paid
according to the agreed terms and will not be paid before the end of
the agreed term.
Unless the loan is made subject to this act by agreement
(Section 3-601), and except as provided with respect to disclosure
(Section 3-301) and debtors' remedies (Section 5-201), "consumer
loan" does not include a "loan primarily secured by an interest in
land", if at the time the loan is made the value of this collateral
is substantial in relation to the amount of the loan, and the loan
Oklahoma Statutes - Title 14A. Consumer Credit Code Page 80
finance charge does not exceed thirteen percent (13%) per year
calculated according to the actuarial method on the unpaid balances
of the principal on the assumption that the debt will be paid
according to the agreed terms and will not be paid before the end of
the agreed term.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.