{"data":{"id":"us-ok/okla.-stat.-tit.-14a-14a-2-408","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 14A, § 14A-2-408","heading":"Cross-collateral","body":"(1) In addition to contracting for a security interest pursuant\n\nto the provisions on security in sales or leases (Section 2-407), a\n\nseller in a consumer credit sale may secure the debt arising from\n\nthe sale by contracting for a security interest in other property if\n\nas a result of a prior sale the seller has an existing security\n\ninterest in the other property. The seller may also contract for a\n\nsecurity interest in the property sold in the subsequent sale as\n\nsecurity for the previous debt.\n\n(2) If the seller contracts for a security interest in other\n\nproperty pursuant to this section, the rate of credit service charge\n\nthereafter on the aggregate unpaid balances so secured may not\n\nexceed that permitted if the balances so secured were consolidated\n\npursuant to the provisions on consolidation involving a refinancing\n\n(subsection (1) of Section 2-206). The seller has a reasonable time\n\nafter so contracting to make any adjustments required by this\n\nsection. \"Seller\" in this section does not include an assignee not\n\nrelated to the original seller.","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":"1ed03029b11c0b2c777f47cf24282d3542888319bbd77dc1a833e66fbc307415","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-14a-14a-2-407","next":"us-ok/okla.-stat.-tit.-14a-14a-2-409"},"notice":"GroundRules: Original legal text. Not legal advice."}