{"data":{"id":"us-ok/okla.-stat.-tit.-14a-14a-3-107","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 14A, § 14A-3-107","heading":"Definitions: \"Lender\"; \"Precomputed\"; \"Principal\"","body":"(1) Except as otherwise provided, \"lender\" includes an assignee\n\nof the lender's right to payment but use of the term does not in\n\nitself impose on an assignee any obligation of the lender with\n\nrespect to events occurring before the assignment.\n\n(2) A loan, refinancing, or consolidation is \"precomputed\" if\n\nthe debt is expressed as a sum comprising the principal and the\n\namount of the loan finance charge computed in advance.\n\n(3) \"Principal\" of a loan means the total of\n\n(a) the net amount paid to, receivable by, or paid or\n\npayable for the account of the debtor;\n\n(b) the amount of any discount excluded from the loan\n\nfinance charge (subsection (2) of Section 3-109); and\n\n(c) to the extent that payment is deferred\n\n(i) amounts actually paid or to be paid by the lender\n\nfor registration, certificate of title, or\n\nlicense fees if not included in (a); and\n\n(ii) additional charges permitted by this article\n\n(Section 3-202).","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":"837eb18e6400f9d21a3b8c4e926385b62c1a96d1b6072220e7deb277670c8f99","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-14a-14a-3-106","next":"us-ok/okla.-stat.-tit.-14a-14a-3-108"},"notice":"GroundRules: Original legal text. Not legal advice."}