{"data":{"id":"us-ok/okla.-stat.-tit.-14a-14a-2-205","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 14A, § 14A-2-205","heading":"Credit service charge on refinancing","body":"With respect to a consumer credit sale, refinancing, or\n\nconsolidation, the seller may by agreement with the buyer refinance\n\nthe unpaid balance and may contract for and receive a credit service\n\ncharge based on the amount financed resulting from the refinancing\n\nat a rate not exceeding that permitted by the provisions on credit\n\nservice charge for consumer credit sales (Section 2-201). For the\n\npurpose of determining the credit service charge permitted, the\n\namount financed resulting from the refinancing comprises the\n\nfollowing:\n\n(1) if the transaction was not precomputed, the total of the\n\nunpaid balance and accrued charges on the date of refinancing, or,\n\nif the transaction was precomputed the amount which the buyer would\n\nhave been required to pay upon prepayment pursuant to the provisions\n\non rebate upon prepayment (Section 2-210) on the date of\n\nrefinancing, except that for the purpose of computing this amount no\n\nminimum credit service charge (subsection (6) of Section 2-201)\n\nshall be allowed; and\n\n(2) appropriate additional charges (Section 2-202), payment of\n\nwhich is deferred.","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":"37b7bbb5ded99becf0cca2cb94eb9d0b9d22c9f58cbdf4e176b26aac4f92a817","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-14a-14a-2-204","next":"us-ok/okla.-stat.-tit.-14a-14a-2-206"},"notice":"GroundRules: Original legal text. Not legal advice."}