Okla. Stat. tit. 14A, § 14A-3-511
This is the official text of Okla. Stat. tit. 14A, § 14A-3-511, 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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Regular schedule of payments - Maximum loan term
Official statutory text
Supervised loans, not made pursuant to a revolving loan account,
in which the principal is One Thousand Dollars ($1,000.00) or less
and the rate of the loan finance charge calculated according to the
actuarial method exceeds eighteen percent (18%) on the unpaid
balances of the principal, shall be scheduled to be payable in
substantially equal installments at equal periodic intervals except
to the extent that the schedule of payments is adjusted to the
seasonal or irregular income of the debtor; and
(a) over a period of not more than forty-nine (49) months
if the principal is more than Three Hundred Dollars
($300.00); or
(b) over a period of not more than thirty-seven (37)
months if the principal is Three Hundred Dollars
($300.00) or less.
in which the principal is One Thousand Dollars ($1,000.00) or less
and the rate of the loan finance charge calculated according to the
actuarial method exceeds eighteen percent (18%) on the unpaid
balances of the principal, shall be scheduled to be payable in
substantially equal installments at equal periodic intervals except
to the extent that the schedule of payments is adjusted to the
seasonal or irregular income of the debtor; and
(a) over a period of not more than forty-nine (49) months
if the principal is more than Three Hundred Dollars
($300.00); or
(b) over a period of not more than thirty-seven (37)
months if the principal is Three Hundred Dollars
($300.00) or less.
Status: in_force · Read it on the official government site
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