{"data":{"id":"us-ok/okla.-stat.-tit.-14a-14a-3-204","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 14A, § 14A-3-204","heading":"Deferral charges","body":"\n\n(1) With respect to any consumer loan, refinancing, or\n\nconsolidation, the parties before or after default may agree in\n\nwriting to a deferral of all or part of one or more unpaid\n\ninstallments.\n\n(2) With respect to a consumer loan, refinancing, or\n\nconsolidation, which is not precomputed, at the time of deferral the\n\ndebtor may agree in writing to a deferral charge that the lender may\n\nmake and collect.\n\n(3) With respect to a precomputed consumer loan, refinancing,\n\nor consolidation, the lender may make and collect a charge not\n\nexceeding the rate previously stated to the debtor pursuant to the\n\nprovisions on disclosure (Part 3) applied to the amount or amounts\n\ndeferred for the period of deferral calculated without regard to\n\ndifference in the lengths of months, but proportionally for a part\n\nof a month, counting each day as one-thirtieth (1/30) of a month.\n\n(4) A deferral charge may be collected at the time it is\n\nassessed or at any time thereafter.\n\n(5) The lender may, in addition to the deferral charge, make\n\nappropriate additional charges (Section 3-202). The amount of these\n\nadditional charges which is not paid in cash may be added to the\n\namount financed. With respect to a precomputed consumer loan,\n\nrefinancing, or consolidation, these additional charges not paid in\n\ncash may be considered part of the amount deferred for the purpose\n\nof calculating the deferral charge.\n\n(6) The parties may agree in writing at the time of a\n\nprecomputed consumer loan, refinancing, or consolidation that if an\n\ninstallment is not paid within ten (10) days after its due date, the\n\nlender may unilaterally grant a deferral and make charges as\n\nprovided in subsection (3) of this section.\n\n(7) No deferral charge may be made for a period after the date\n\nthat the lender elects to accelerate the maturity of the agreement,\n\nexcept in circumstances where the lender waives the acceleration and\n\nthe parties then mutually agree to a deferral.\n\n(8) With respect to a precomputed consumer loan, refinancing,\n\nor consolidation, a delinquency charge made by the lender on an\n\ninstallment may not be retained if a deferral charge is made\n\npursuant to this section with respect to the period of delinquency.","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":"23d34e75cda42bd6007982faf39ab826020edb3f8ff41afa65d44b44232fe901","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-14a-14a-3-203.2","next":"us-ok/okla.-stat.-tit.-14a-14a-3-205"},"notice":"GroundRules: Original legal text. Not legal advice."}