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

Okla. Stat. tit. 14A, § 14A-2-504: Restoration of down payment - Retention of cancellation

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

fee.

(1) Except as provided in this section, within ten (10) days

after a home solicitation sale has been cancelled or an offer to

purchase revoked the seller must tender to the buyer any payments

made by the buyer and any note or other evidence of indebtedness.

(2) If the down payment includes goods traded in, the goods

must be tendered in substantially as good condition as when received

by the seller. If the seller fails to tender the goods as provided

by this section, the buyer may elect to recover an amount equal to

the trade-in allowance stated in the agreement.

(3) The seller may retain as a cancellation fee five percent

(5%) of the cash price but not exceeding the amount of the cash down

payment. If the seller fails to comply with an obligation imposed

by this section, or if the buyer avoids the sale on any ground

independent of his right to cancel provided by the provisions on the

buyer's right to cancel (subsection (1) of Section 2-502) or revokes

his offer to purchase, the seller is not entitled to retain a

cancellation fee.

(4) Until the seller has complied with the obligations imposed

by this section the buyer may retain possession of goods delivered

to him by the seller and has a lien on the goods in his possession

or control for any recovery to which he is entitled.

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

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