Okla. Stat. tit. 14A, § 14A-3-402

This is the official text of Okla. Stat. tit. 14A, § 14A-3-402, 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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Balloon payments

Official statutory text

With respect to a consumer loan, other than one pursuant to a

revolving loan account, if any scheduled payment is more than twice

as large as the average of earlier scheduled payments, the debtor

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 debtor than the terms of the original loan.

These provisions do not apply to the extent that the payment

schedule is adjusted to the seasonal or irregular income of the

debtor.

Status: in_force · Read it on the official government site

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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.