{"data":{"id":"us-ok/okla.-stat.-tit.-14a-14a-3-205","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 14A, § 14A-3-205","heading":"Loan finance charge on refinancing","body":"With respect to a consumer loan, refinancing, or consolidation,\n\nother than one made under Section 3-508B of this title, the lender\n\nmay by agreement with the debtor refinance the unpaid balance and\n\nmay contract for and receive a loan finance charge based on the\n\nprincipal resulting from the refinancing at a rate not exceeding\n\nthat permitted by the provisions on loan finance charge for consumer\n\nloans (Section 3-201) or the provisions on loan finance charge for\n\nsupervised loans (Section 3-508A), whichever is appropriate. For\n\nthe purpose of determining the loan finance charge permitted, other\n\nthan in relation to Section 3-508B, the principal resulting from the\n\nrefinancing comprises the following:\n\n(1) if the transaction was not precomputed, the total of the\n\nunpaid balance and the accrued charges on the date of the\n\nrefinancing, or, if the transaction was precomputed, the amount\n\nwhich the debtor would have been required to pay upon prepayment\n\npursuant to the provisions on rebate upon prepayment (Section 3-210)\n\non the date of refinancing, except that for the purpose of computing\n\nthis amount no minimum charge (Section 3-210) shall be allowed; and\n\n(2) appropriate additional charges (Section 3-202), payment of\n\nwhich is deferred.","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":"1b309c74d1a23190c05dab4cf73a0feab97f12af26d4f3cb931d7cf0d6978573","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-14a-14a-3-204","next":"us-ok/okla.-stat.-tit.-14a-14a-3-206"},"notice":"GroundRules: Original legal text. Not legal advice."}