{"data":{"id":"us-ok/okla.-stat.-tit.-14a-14a-2-307","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 14A, § 14A-2-307","heading":"Refinancing","body":"(1) Except as rules adopted by the Administrator not\n\ninconsistent with the Federal Consumer Credit Protection Act may\n\notherwise prescribe, if the seller refinances an existing balance\n\nowing with respect to a consumer credit sale, refinancing or\n\nconsolidation pursuant to the provisions on refinancing (Section 2-\n\n205) or consolidates an existing balance owing from a previous\n\nconsumer credit sale, refinancing, or consolidation with the amount\n\nfinanced from a subsequent consumer credit sale, refinancing, or\n\nconsolidation so as to satisfy any existing balance and replace it\n\nwith a new obligation undertaken by the same buyer, the seller shall\n\nmake disclosure with respect to the new transaction to the buyer of\n\nthe information and in the manner required by this part.\n\n(2) A refinancing does not include:\n\n(a) a renewal of a single payment obligation with no\n\nchange in the original terms;\n\n(b) a reduction in the annual percentage rate with a\n\ncorresponding change in the payment schedule;\n\n(c) an agreement involving a court proceeding;\n\n(d) a change in the payment schedule or a change in\n\ncollateral requirements as a result of the buyer's\n\ndefault or delinquency, unless the rate is increased\n\nor the new amount financed exceeds the unpaid balance\n\nplus earned finance charge and premiums for\n\ncontinuation of consumer credit insurance or insurance\n\nagainst loss of or damage to property or against\n\nliability arising out of the ownership or use of\n\nproperty; or\n\n(e) the renewal of optional insurance purchased by the\n\nbuyer and added to an existing transaction if\n\ndisclosures relating to the initial purchase were\n\nprovided in accordance with law.","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":"c0a772a12c9f67f96036ece1a12ee2377bd40b90a128226e44b46f089c5ca240","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-14a-14a-2-306","next":"us-ok/okla.-stat.-tit.-14a-14a-2-308"},"notice":"GroundRules: Original legal text. Not legal advice."}