{"data":{"id":"us-ok/okla.-stat.-tit.-14a-14a-2-204","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 14A, § 14A-2-204","heading":"Deferral charges","body":"(1) With respect to any consumer credit sale, refinancing or\n\nconsolidation, the parties before or after default may agree in\n\nwriting to a deferral of all or part of one or more unpaid\n\ninstallments.\n\n(2) With respect to a consumer credit sale, refinancing, or\n\nconsolidation, which is not precomputed, at the time of deferral the\n\nbuyer may agree in writing to a deferral charge that the seller may\n\nmake and collect.\n\n(3) With respect to a precomputed consumer credit sale,\n\nrefinancing, or consolidation, the seller may make and collect a\n\ncharge not exceeding the rate previously stated to the buyer\n\npursuant to the provisions on disclosure (Part 3) applied to the\n\namount or amounts deferred for the period of deferral calculated\n\nwithout regard to differences in lengths of months, but\n\nproportionally for a part of a month, counting each day as one-\n\nthirtieth (1/30) of a month.\n\n(4) A deferral charge may be collected at the time it is\n\nassessed or at any time thereafter.\n\n(5) The seller may, in addition to the deferral charge, make\n\nappropriate additional charges (Section 2-202). The amount of these\n\nadditional charges which is not paid in cash may be added to the\n\namount financed. With respect to a precomputed consumer credit\n\nsale, refinancing, or consolidation, these additional charges not\n\npaid in cash may be considered part of the amount deferred for the\n\npurpose of calculating the deferral charge.\n\n(6) The parties may agree in writing at the time of a\n\nprecomputed consumer credit sale, refinancing, or consolidation that\n\nif an installment is not paid within ten (10) days after its due\n\ndate, the seller may unilaterally grant a deferral and make charges\n\nas provided in subsection (3) of this section.\n\n(7) No deferral charge may be made for a period after the date\n\nthat the seller elects to accelerate the maturity of the agreement,\n\nexcept in circumstances where the seller waives the acceleration and\n\nthe parties then mutually agree to a deferral.\n\n(8) With respect to a precomputed consumer credit sale,\n\nrefinancing, or consolidation, a delinquency charge made by the\n\nseller on an installment may not be retained if a deferral charge is\n\nmade pursuant to this section with respect to the period of\n\ndelinquency.","path":["OK Code","Title 14A"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os14A.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"82d048190ba5a3b8efb4aa3123879ef79e00ca394e404b0a5531ac06112ac0cc","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-14a-14a-2-203","next":"us-ok/okla.-stat.-tit.-14a-14a-2-205"},"notice":"GroundRules: Original legal text. Not legal advice."}