Okla. Stat. tit. 14A, § 14A-2-112: Sale of motor vehicles - Taking security in other
Where this section sits in the code
- OK Code
- Title 14A
vehicles.
A seller in a consumer credit sale of a motor vehicle may secure
the debt arising from the sale by contracting for a security
interest in any other motor vehicle used for the purpose of
transportation of persons or property, as well as the motor vehicle
which is the subject of the sale. Provided, further, that the
amount of the debt secured by property other than the motor vehicle
which is the subject of the sale shall be clearly set forth and when
the total debt is reduced to an amount equal to or less than the
amount secured by the motor vehicle which is the subject of the
sale, a release of the security agreement as to such "other vehicle"
will be furnished to the debtor upon request but such partial
release shall not impair the security interest on the motor vehicle
which was the subject of the sale. The total amount secured by any
transaction authorized hereunder cannot exceed the amount of the
sale price of the motor vehicle, and further, the seller cannot
advance money or other things of value to be included in such
consumer transaction.
Collected 2026-09-14T18:32:36Z. Source file · JSON