Okla. Stat. tit. 59, § 59-1957
This is the official text of Okla. Stat. tit. 59, § 59-1957, part of Oklahoma’s Stat. tit. 59, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 59,." Browse the sections below, each linked to its official government source.
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Application of act - Violations - Penalties
Official statutory text
The Oklahoma Rental-Purchase Act applies to persons, who in this
state make or solicit rental-purchase agreements, or who directly
collect payments from or enforce rights against debtors arising from
the rental-purchase agreement, wherever they are made; or who engage
in rental-purchase transactions subject to the provisions of the
Oklahoma Rental-Purchase Act. A person who willfully engages in the
business of making rental-purchase agreements without a license in
violation of the provisions of this act pertaining to authority to
make rental-purchase agreements, upon conviction, is guilty of a
misdemeanor and may be sentenced to pay a fine not exceeding Five
Thousand Dollars ($5,000.00), or to imprisonment not exceeding one
(1) year, or both.
state make or solicit rental-purchase agreements, or who directly
collect payments from or enforce rights against debtors arising from
the rental-purchase agreement, wherever they are made; or who engage
in rental-purchase transactions subject to the provisions of the
Oklahoma Rental-Purchase Act. A person who willfully engages in the
business of making rental-purchase agreements without a license in
violation of the provisions of this act pertaining to authority to
make rental-purchase agreements, upon conviction, is guilty of a
misdemeanor and may be sentenced to pay a fine not exceeding Five
Thousand Dollars ($5,000.00), or to imprisonment not exceeding one
(1) year, or both.
Status: in_force · Read it on the official government site
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