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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 14A, § 14A-2-106: Definition: "Consumer lease"

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Where this section sits in the code
  1. OK Code
  2. Title 14A

(1) "Consumer lease" means a lease of goods

(a) which a lessor regularly engaged in the business of

leasing makes to a person, other than an organization,

who takes under the lease primarily for a personal,

family or household purpose;

(b) in which the amount payable under the lease does not

exceed Fifty Thousand Dollars ($50,000.00). The

dollar amount in this paragraph shall be adjusted

annually as indicated by the Consumer Financial

Protection Bureau by the annual percentage increase in

the Consumer Price Index for Urban Wage Earners and

Clerical Workers, as published by the Bureau of Labor

Statistics, rounded to the nearest multiple of One

Hundred Dollars ($100.00) or One Thousand Dollars

($1,000.00) as applicable; and

(c) which is for a term exceeding four (4) months.

(2) "Consumer lease" does not include a lease made pursuant to

a lender credit card or similar arrangement.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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