Okla. Stat. tit. 14A, § 14A-3-515
This is the official text of Okla. Stat. tit. 14A, § 14A-3-515, 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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Restrictions on interest in motor vehicles as security
Official statutory text
Restrictions on interest in motor vehicles as security.
With respect to a supervised loan made under the provisions of
Section 3-508B of this title in which the principal is Three Hundred
Dollars ($300.00) or less, a lender may not contract for an interest
Oklahoma Statutes - Title 14A. Consumer Credit Code Page 161
in motor vehicles as security. A security interest taken in
violation of this section is void.
With respect to a supervised loan made under the provisions of
Section 3-508B of this title in which the principal is Three Hundred
Dollars ($300.00) or less, a lender may not contract for an interest
Oklahoma Statutes - Title 14A. Consumer Credit Code Page 161
in motor vehicles as security. A security interest taken in
violation of this section is void.
Status: in_force · Read it on the official government site
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