Okla. Stat. tit. 14A, § 14A-3-312

(1) No lender shall engage in this state in false or misleading

advertising concerning the terms or conditions of credit with

respect to a consumer loan.

(2) Without limiting the generality of subsection (1), and

without requiring a statement of rate of loan finance charge if the

loan finance charge is not more than Five Dollars ($5.00) when the

principal does not exceed Seventy-five Dollars ($75.00), or Seven

Dollars and fifty cents ($7.50) when the principal exceeds Seventy-

five Dollars ($75.00), an advertisement with respect to a consumer

credit loan made by the posting of a public sign, or by catalog,

magazine, newspaper, radio, television, or similar mass media, is

misleading if:

(a) it states the rate of the loan finance charge and the

rate is not stated in the form required by the

provisions on calculation of rate to be disclosed

(Section 3-304), or

(b) it states the dollar amounts of the loan finance

charge or installment payments, and does not also

state the rate of any loan finance charge and the

terms of repayment.

(3) In this section a catalog or other multiple-page

advertisement is considered a single advertisement if it clearly and

conspicuously displays a credit terms table setting forth the

information required by this section.

(4) This section imposes no liability on the owner or

personnel, as such, of any medium in which an advertisement appears

or through which it is disseminated.

(5) Advertising which complies with the Federal Consumer Credit

Protection Act does not violate subsection (2).

Oklahoma Statutes - Title 14A. Consumer Credit Code Page 137

(6) The provisions of this section shall not apply to

advertisements of residential real estate except to the extent

provided by rules of the Administrator.

(7) If any advertisement to aid, promote, or assist, directly

or indirectly, the extension of consumer credit through a revolving

loan account plan under which extensions of credit are secured by

the consumer's principal dwelling states, affirmatively or

negatively, any of the specific terms of the plan, including any

periodic payment amount required under such plan, such advertisement

shall also clearly and conspicuously set forth the following

information, in such form and manner as the Administrator may

require:

(a) Any loan fee the amount of which is determined as a

percentage of the credit limit applicable to an

account under the plan and an estimate of the

aggregate amount of other fees for opening the

account, based on the creditor's experience with the

plan and stated as a single amount or as a reasonable

range,

(b) In any case in which periodic rates may be used to

compute the loan finance charge, the periodic rates

expressed as an annual percentage rate,

(c) The highest annual percentage rate which may be

imposed under the plan, and

(d) Any other information the Administrator may by rule

require.

(8) If any advertisement described in subsection (7) of this

section contains a statement that any interest expense incurred with

respect to the plan is or may be tax deductible, the advertisement

shall not be misleading with respect to such deductibility.

(9) No advertisement described in subsection (7) of this

section with respect to any home equity account may refer to such

credit as "free money" or use other terms determined by the

Administrator by rule to be misleading.

(10) (a) If any advertisement described in subsection (7) of

this section includes an initial annual percentage

rate that is not determined by the index or formula

used to make later interest rate adjustments, the

advertisement shall also state with equal prominence

the current annual percentage rate that would have

been applied using the index or formula if such

initial rate had not been offered,
) If any advertisement described in subsection (7) of

this section includes an initial annual percentage

rate that is not determined by the index or formula

used to make later interest rate adjustments, the

advertisement shall also state with equal prominence

the current annual percentage rate that would have

been applied using the index or formula if such

initial rate had not been offered,

(b) The annual percentage rate required to be disclosed

under the paragraph (a) rate of this subsection rate

must be current as of a reasonable time given the

media involved, and

Oklahoma Statutes - Title 14A. Consumer Credit Code Page 138

(c) Any advertisement to which paragraph (a) of this

subsection applies shall also state the period of time

during which the initial annual percentage rate

referred to in such paragraph will be in effect.

(11) If any advertisement described in subsection (7) of this

section contains a statement regarding the minimum monthly payment

under the plan, the advertisement shall also disclose, if

applicable, the fact that the plan includes a balloon payment.

(12) For purposes of this section and Section 3-309.2 of this

title, the term "balloon payment" means, with respect to any

revolving charge account plan under which extensions of credit are

secured by the consumer's principal dwelling, any repayment option

under which:

(a) the account holder is required to repay the entire

amount of any outstanding balance as of a specified

date or at the end of a specified period of time, as

determined in accordance with the terms of the

agreement pursuant to which such credit is extended,

and

(b) the aggregate amount of the minimum periodic payments

required would not fully amortize such outstanding

balance by such date or at the end of such period.