Okla. Stat. tit. 14A, § 14A-1-108: Effect of act on powers of organizations

(1) This act prescribes maximum charges for all creditors,

except lessors and those excluded (Section 1-202), extending

consumer credit including consumer credit sales (Section 2-104),

consumer loans (Section 3-104), and consumer related sales and loans

(Section 2-602 and Section 3-602), and displaces existing

limitations on the powers of those creditors based on maximum

charges.

(2) With respect to sellers of goods or services, small loan

companies, licensed lenders, consumer and sales finance companies,

industrial banks and loan companies, and commercial banks and trust

companies, this act displaces existing limitations on their powers

based solely on amount or duration of credit.

(3) Except as provided in subsection (1) and in the article on

effective date and repealer (Article 9), this act does not displace

limitations on powers of credit unions, savings banks, savings and

loan associations, or other thrift institutions whether organized

for the profit of shareholders or as mutual organization.

(4) Except as provided in subsections (1) and (2) and in the

article on effective date and repealer (Article 9), this act does

not displace

(a) limitations on powers of supervised financial

organizations (subsection (17) of Section 1-301) with

respect to the amount of a loan to a single borrower,

the ratio of a loan to the value of collateral, the

duration of a loan secured by an interest in land, or

other similar restrictions designed to protect

deposits, or

(b) limitations on powers an organization is authorized to

exercise under the laws of this state or the United

States.