{"data":{"id":"us-ok/okla.-stat.-tit.-14a-14a-2-407","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 14A, § 14A-2-407","heading":"Security in sales or leases","body":"(1) With respect to a consumer credit sale, a seller may take a\n\nsecurity interest in the property sold. In addition, a seller may\n\ntake a security interest in goods upon which services are performed\n\nor in which goods sold are installed or to which they are annexed,\n\nor in land to which the goods are affixed or which is maintained,\n\nrepaired or improved as a result of the sale of the goods or\n\nservices, if in the case of a security interest in land the debt\n\nsecured is One Thousand Dollars ($1,000.00) or more, or, in the case\n\nof a security interest in goods the debt secured is Two Hundred\n\nDollars ($200.00) or more. Except as provided with respect to\n\ncross-collateral (Section 2-408), a seller may not otherwise take a\n\nsecurity interest in property of the buyer to secure the debt\n\narising from a consumer credit sale.\n\n(2) With respect to a consumer lease, a lessor may not take a\n\nsecurity interest in property of the lessee to secure the debt\n\narising from the lease.\n\n(3) A security interest taken in violation of this section is\n\nvoid.\n\n(4) \"Security interest\" as used in this section means a\n\nsecurity interest arising by agreement of the parties and does not\n\ninclude a lien arising by operation of 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":"3b43d7d0879f4d64b79bcfcc22d672ab755e3fd1ddef6e8c74cc6123d807c0ea","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-14a-14a-2-406","next":"us-ok/okla.-stat.-tit.-14a-14a-2-408"},"notice":"GroundRules: Original legal text. Not legal advice."}