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

Okla. Stat. tit. 59, § 59-1502: Definitions

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Where this section sits in the code
  1. OK Code
  2. Title 59

As used in this act:

1. "Administrator" means the Administrator of Consumer Affairs

defined in the Uniform Consumer Credit Code.

2. "Month" means that period of time from one date in a

calendar month to the corresponding date in the following calendar

month, but if there is no such corresponding date, then the last day

of such following month, and when computations are made for a

fraction of a month, a day shall be one-thirtieth (1/30) of a month.

3. "Pawnbroker" means a person engaged in the business of making

pawn transactions.

4. "Pawn finance charge" means the sum of all charges, payable

directly or indirectly by the customer and imposed directly or

indirectly by the pawnbroker as an incident to the pawn transaction.

5. "Pawnshop" means the location at which or premises in which a

pawnbroker regularly conducts business.

6. "Pawn transaction" means the act of lending money on the

security of pledged goods or the act of purchasing tangible personal

property on condition that it may be redeemed or repurchased by the

seller for a fixed price within a fixed period of time.

7. "Person" means an individual, partnership, corporation,

joint venture, trust, association or any other legal entity however

organized.

8. "Pledged goods" means tangible personal property other than

choses in action, securities or printed evidences of indebtedness,

which property is deposited with or otherwise actually delivered

into the possession of a pawnbroker in the course of his business

in connection with a pawn transaction.

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

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