Okla. Stat. tit. 14A, § 14A-3-510
This is the official text of Okla. Stat. tit. 14A, § 14A-3-510, 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.
Restrictions on interest in land as security
Official statutory text
Oklahoma Statutes - Title 14A. Consumer Credit Code Page 159
(1) With respect to a supervised loan in which the principal is
One Thousand Dollars ($1,000.00) or less, and the loan finance
charge calculated according to the actuarial method exceeds twenty-
one percent (21%) per year on the unpaid balances of principal, a
lender may not contract for an interest in land as security. A
security interest taken in violation of this section is void.
(2) This section shall not apply with respect to an open-end
credit plan under which a lender makes advances and takes or retains
a security interest in the principal dwelling of the debtor where
the advances are made in accordance with an established credit limit
of at least One Thousand Dollars ($1,000.00) for the plan.
(1) With respect to a supervised loan in which the principal is
One Thousand Dollars ($1,000.00) or less, and the loan finance
charge calculated according to the actuarial method exceeds twenty-
one percent (21%) per year on the unpaid balances of principal, a
lender may not contract for an interest in land as security. A
security interest taken in violation of this section is void.
(2) This section shall not apply with respect to an open-end
credit plan under which a lender makes advances and takes or retains
a security interest in the principal dwelling of the debtor where
the advances are made in accordance with an established credit limit
of at least One Thousand Dollars ($1,000.00) for the plan.
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.