Okla. Stat. tit. 14A, § 14A-3-508B

Thousand Dollars or less.

1. On loans having a principal of Three Thousand Dollars

($3,000.00) or less, a supervised lender may charge in lieu of the

loan finance charges specified in Section 3-508A of this title, the

following amounts:

a. on any amount up to and including One Hundred Sixty-

one Dollars and ninety-five cents ($161.95), there

shall be allowed an acquisition charge for making the

loan not in excess of one-tenth (1/10) of the amount

of the principal. In addition thereto, a handling

charge may be added at the ratio of Five Dollars and

forty cents ($5.40) for each Twenty-seven Dollars

($27.00) of principal,

b. on any loan in an amount in excess of One Hundred

Sixty-one Dollars and ninety-five cents ($161.95) up

to and including the amount of One Hundred Eighty-nine

Dollars ($189.00), there shall be allowed an

Oklahoma Statutes - Title 14A. Consumer Credit Code Page 155

acquisition charge for making the loan not in excess

of one-tenth (1/10) of the amount of the principal.

In addition thereto, an installment account handling

charge shall be allowed not to exceed Sixteen Dollars

and twenty cents ($16.20) per month,

c. on any loan of an amount in excess of One Hundred

Eighty-nine Dollars ($189.00) but not more than Three

Hundred Seventy-eight Dollars ($378.00), there shall

be allowed an acquisition charge for making the loan

not in excess of one-tenth (1/10) of the amount of the

principal. In addition thereto, an installment

account handling charge shall be allowed not to exceed

Eighteen Dollars and ninety cents ($18.90) per month,

d. on any loan of an amount in excess of Three Hundred

Seventy-eight Dollars ($378.00) but not in excess of

Five Hundred and Forty Dollars ($540.00), there shall

be allowed an acquisition charge for making the loan,

not in excess of one-tenth (1/10) of the amount of the

principal. In addition thereto, an installment

account handling charge shall be allowed not to exceed

Twenty-one Dollars and sixty cents ($21.60) per month,

e. on any loan in an amount in excess of Five Hundred

Forty Dollars ($540.00) up to and including the amount

of Eight Hundred Ten Dollars ($810.00), there shall be

allowed an acquisition charge for making the loan not

in excess of one-tenth (1/10) of the amount of the

principal. In addition thereto, an installment

account handling charge shall be allowed not to exceed

Twenty-four Dollars and thirty cents ($24.30) per

month,

f. on any loan of an amount in excess of Eight Hundred

Ten Dollars ($810.00) but not more than One Thousand

Eighty Dollars ($1,080.00), there shall be allowed an

acquisition charge for making the loan not in excess

of one-tenth (1/10) of the amount of the principal.

In addition thereto, an installment account handling

charge shall be allowed not to exceed Twenty-seven

Dollars ($27.00) per month,

g. on any loan of an amount in excess of One Thousand

Eighty Dollars ($1,080.00) but not more than One

Thousand Three Hundred Fifty Dollars ($1,350.00),

there shall be allowed an acquisition charge for

making the loan not in excess of one-tenth (1/10) of

the amount of the principal. In addition thereto, an

installment account handling charge shall be allowed

not to exceed Twenty-nine Dollars and seventy cents

($29.70) per month,

Oklahoma Statutes - Title 14A. Consumer Credit Code Page 156

h. on any loan of an amount in excess of One Thousand

Three Hundred Fifty Dollars ($1,350.00) but not more

than One Thousand Six Hundred Twenty Dollars

($1,620.00), there shall be allowed an acquisition

charge for making the loan not in excess of one-tenth

(1/10) of the amount of the principal. In addition

thereto, an installment account handling charge shall

be allowed not to exceed Thirty-two Dollars and forty

cents ($32.40) per month,

i. on any loan of an amount in excess of One Thousand Six

Hundred Twenty Dollars ($1,620.00) but not more than

Two Thousand Dollars ($2,000.00), there shall be
e for making the loan not in excess of one-tenth

(1/10) of the amount of the principal. In addition

thereto, an installment account handling charge shall

be allowed not to exceed Thirty-two Dollars and forty

cents ($32.40) per month,

i. on any loan of an amount in excess of One Thousand Six

Hundred Twenty Dollars ($1,620.00) but not more than

Two Thousand Dollars ($2,000.00), there shall be

allowed an acquisition charge for making the loan not

in excess of one-tenth (1/10) of the amount of

principal. In addition thereto, an installment

account handling charge shall be allowed not to exceed

Forty Dollars ($40.00) per month,

j. on any loan of an amount in excess of Two Thousand

Dollars ($2,000.00) but not more than Two Thousand

Five Hundred Dollars ($2,500.00), there shall be

allowed an acquisition charge for making the loan not

in excess of one-tenth (1/10) of the amount of

principal. In addition thereto, an installment

account handling charge shall be allowed not to exceed

Fifty Dollars ($50.00) per month, and

k. on any loan of an amount in excess of Two Thousand

Five Hundred Dollars ($2,500.00) but not more than

Three Thousand Dollars ($3,000.00), there shall be

allowed an acquisition charge for making the loan not

in excess of one-tenth (1/10) of the amount of

principal. In addition thereto, an installment

account handling charge shall be allowed not to exceed

Sixty Dollars ($60.00) per month.

2. The maximum term of any loan made under the terms of this

section shall be one (1) month for each Ten Dollars ($10.00) of

principal up to a maximum term of eighteen (18) months. Provided,

however, that under subparagraphs e through i of paragraph 1 of this

section the maximum terms shall be one (1) month for each Twenty

Dollars ($20.00) of principal up to a maximum term of eighteen (18)

months, and under subparagraphs j and k of paragraph 1 of this

section, the maximum terms shall be one (1) month for each Twenty

Dollars ($20.00) of principal to a maximum term of twenty-four (24)

months.

3. The minimum term of any loan made under the terms of

subparagraphs a through k of paragraph 1 of this section shall be no

less than sixty (60) days. Any loan made under the terms of this

section shall be scheduled to be payable in substantially equal

Oklahoma Statutes - Title 14A. Consumer Credit Code Page 157

installments at not less than thirty-day intervals, with the first

installment to be scheduled to be due not less than one (1) calendar

month after the date such loan is made.

4. Loans made under this section may be refinanced or

consolidated according to the provisions of this section,

notwithstanding anything in Section 2-101 et seq. of this title to

the contrary. When a loan made under this section is refinanced or

consolidated, installment account handling charges on the loans

being refinanced or consolidated must be rebated pursuant to the

provisions regarding rebate on prepayment (Section 3-210 of this

title) as of the date of refinancing or consolidation. For the

purpose of determining the amount of acquisition and installment

account handling charges permitted in relation to the refinancing or

the consolidation of loans made under this section, the principal

resulting from the refinancing or consolidation is the total of the

unpaid balances of the principal of the loans being refinanced or

consolidated, plus any new money advanced, and any delinquency or

deferral charges if due and unpaid, less any unearned acquisition

and installment account handling charges imposed in connection with

loans being refinanced or consolidated.

5. On such loans under this section, no insurance charges or

any other charges of any nature whatsoever shall be permitted.

6. Except as otherwise provided, the acquisition charge

authorized herein shall be deemed to be earned at the time a loan is

made and shall not be subject to refund. Provided, however, in a
dling charges imposed in connection with

loans being refinanced or consolidated.

5. On such loans under this section, no insurance charges or

any other charges of any nature whatsoever shall be permitted.

6. Except as otherwise provided, the acquisition charge

authorized herein shall be deemed to be earned at the time a loan is

made and shall not be subject to refund. Provided, however, in a

loan made under this section which is prepaid in full, refinanced or

consolidated within the first sixty (60) days, the acquisition

charge under this section will not be fully earned at the time the

loan is made, but must be refunded pro rata at the rate of one-

sixtieth (1/60) of the acquisition charge for each day from the date

of the prepayment, refinancing or consolidation to the sixtieth day

of the loan. On the prepayment of any loan under this section, the

installment account handling charge shall be subject to the

provisions of Section 3-210 of this title as it relates to refunds.

Provisions of Section 3-203 of this title as it relates to

delinquency charges and Section 3-204 of this title as it relates to

deferral charges shall apply to loans made under the section.