{"data":{"id":"us-ok/okla.-stat.-tit.-14a-14a-3-202","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 14A, § 14A-3-202","heading":"Additional charges","body":"(1) In addition to the loan finance charge permitted by this\n\npart, a lender may contract for and receive the following additional\n\ncharges in connection with a consumer loan:\n\n(a) official fees that are itemized and disclosed in\n\naccordance with rules of the Administrator, reasonable\n\nclosing costs and taxes, including but not limited to\n\nany tax levied on security instruments or on documents\n\nevidencing indebtedness if the payment of such taxes\n\nis a precondition for recording the instrument\n\nsecuring the evidence of indebtedness;\n\n(b) charges for insurance as described in subsection (3)\n\nof this section;\n\n(c) charges for other benefits, including insurance,\n\nconferred on the debtor, if the benefits are of value\n\nto the debtor and if the charges are reasonable in\n\nrelation to the benefits, are of a type which is not\n\nfor credit, and are excluded as permissible additional\n\ncharges by rule adopted by the Administrator;\n\n(d) a charge for processing the debtor's application for\n\ncredit, including but not limited to costs of services\n\nsuch as credit reports, credit investigations,\n\nappraisals and fees for preparation of loan-related\n\ndocuments; and\n\n(e) fees related to any pest infestation or flood hazard\n\ninspections conducted prior to closing.\n\n(2) In addition to the charges permitted under subsection (1)\n\nof this section, a lender may contract for and receive the following\n\nadditional charges in connection with a revolving loan account\n\naccessed by a lender credit card or similar arrangement:\n\n(a) annual or membership fees or service charges whether\n\nassessed on an annual or other periodic basis which\n\nentitles the user to purchase goods or services from\n\nat least one hundred persons not related to the issuer\n\nof the lender credit card or similar arrangement,\n\nunder an arrangement pursuant to which the debts\n\nresulting from the purchases are payable to the\n\nissuer;\n\n(b) transaction fees or charges for each separate charge\n\nor purchase under the revolving loan account;\n\n(c) cash advance fees for each separate cash advance under\n\nthe revolving loan account;\n\n(d) charges for stopping payment at the debtor's request\n\non any check, negotiable order of withdrawal or share\n\ndraft written or issued by the debtor to access the\n\nrevolving loan account; and\n\n(e) reasonable charges for services rendered or for\n\nreimbursement of expenses incurred by the lender in\n\nconnection with the revolving loan account at the\n\nrequest of the debtor, including, but not limited to,\n\nsearch charges and charges for furnishing copies of\n\ndocuments.\n\n(3) An additional charge may be made for insurance written in\n\nconnection with the loan, other than insurance protecting the lender\n\nagainst the debtor's default or other credit loss:\n\n(a) with respect to insurance against loss of or damage to\n\nproperty, or against liability, if the lender\n\nfurnishes a clear and specific statement in writing to\n\nthe debtor, setting forth the cost of the insurance if\n\nobtained from or through the lender, and stating that\n\nthe debtor may choose the person through whom the\n\ninsurance is to be obtained; and\nhe debtor's default or other credit loss:\n\n(a) with respect to insurance against loss of or damage to\n\nproperty, or against liability, if the lender\n\nfurnishes a clear and specific statement in writing to\n\nthe debtor, setting forth the cost of the insurance if\n\nobtained from or through the lender, and stating that\n\nthe debtor may choose the person through whom the\n\ninsurance is to be obtained; and\n\n(b) with respect to consumer credit insurance providing\n\nlife, accident, or health coverage, if the insurance\n\ncoverage is not a factor in the approval by the lender\n\nof the extension of credit, and this fact is clearly\n\ndisclosed in writing to the debtor, and if in order to\n\nobtain the insurance in connection with the extension\n\nof credit, the debtor gives specific affirmative\n\nwritten indication of the debtor’s desire to do so\n\nafter written disclosure to the debtor of the cost\n\nthereof.\n\n(4) With respect to a revolving loan account accessed by a\n\nlender or seller credit card or similar arrangement, a lender or\n\nseller may not contract for or receive any penalty, increased annual\n\nfee, or any similar fee or additional charge, because the account\n\nholder pays the account balance in full within a billing cycle, nor\n\nany fee or charge for non-use. This provision shall not prohibit a\n\nlender or seller from contracting for or receiving, with respect to\n\nthe applicable portion of a billing cycle, the same annual rate of\n\nloan finance charge, as well as the same cash-advance fee, that\n\nwould apply if the account balance were not paid in full within the\n\nbilling cycle.","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":"c0d7c038ec1eff8ccaea82013d3bd6441276d48441183a0869aeddd24c0d64eb","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-14a-14a-3-201","next":"us-ok/okla.-stat.-tit.-14a-14a-3-202.1"},"notice":"GroundRules: Original legal text. Not legal advice."}