{"data":{"id":"us-ok/okla.-stat.-tit.-14a-14a-3-301","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 14A, § 14A-3-301","heading":"Applicability - Information required","body":"(1) For purposes of this part, this part covers and consumer\n\nloan includes a loan secured primarily by an interest in land\n\nwithout regard to the rate of the loan finance charge if the loan is\n\notherwise a consumer loan as defined by Section 3-104 of this title;\n\na loan in which the debt is secured by personal property in which a\n\nsecurity interest is or will be acquired which is used or expected\n\nto be used as the principal dwelling of the consumer without regard\n\nto the amount of the amount financed, if the loan is otherwise a\n\nconsumer loan; and loan transactions in which any card issuer\n\nextends credit that is not subject to a finance charge and that is\n\nnot payable by written agreement in four or more installments.\n\n(2) The lender shall disclose to the debtor to whom credit is\n\nextended with respect to a consumer loan the information required by\n\neither this part or the Federal Consumer Credit Protection Act and\n\ncompliance with either is sufficient.\n\n(3) For the purposes of subsection (2) information which would\n\notherwise be required pursuant to the Federal Consumer Credit\n\nProtection Act is sufficient even though the transaction is one of a\n\nclass of credit transactions exempted from that act pursuant to\n\nregulation of the Board of Governors of the Federal Reserve System.\n\n(4) A person who regularly arranges for the extension of\n\nconsumer loans which are payable in four or more installments or for\n\nwhich the payment of a finance charge is or may be required from\n\npersons who are not subject to disclosure duties shall make the\n\ndisclosures required of a lender under this part.\n\n(5) In the case of an application to open an account under any\n\nrevolving loan account plan described in Section 3-309.2 of this\n\ntitle which is provided to a consumer by any person other than the\n\ncreditor:\n\n(a) such person shall provide such consumer with:\n\n(i) the disclosures required under subsection (1) of\n\nSection 3-309.2 of this title with respect to\n\nsuch plan, in accordance with subsection (9) of\n\nSection 3-302 of this title; and\n\n(ii) the pamphlet required under subsection (3) of\n\nSection 3-309.2 of this title; or\n\n(b) if such person cannot provide specific terms about the\n\nplan because specific information about the plan terms\n\nis not available, no nonrefundable fee may be imposed\n\nin connection with such application before the end of\n\nthe three-day period beginning on the date the\n\nconsumer receives the disclosures required under\n\nsubsection (1) of Section 3-309.2 of this title with\n\nrespect to the application.\n\n(6) For purposes of this part, the terms \"creditor\", \"card\n\nissuer\", \"applicant\", \"card holder\", \"dwelling\" and \"consumer\" have\n\nthe same meanings those terms have in the Federal Consumer Credit\n\nProtection Act, as limited by the subject matter of this article.\n\n(7) The fact a charge or fee or a practice is mentioned in this\n\npart does not itself serve to authorize it or to remove any\n\nlimitation in this title applicable to it.","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":"4e74fd6ac0d5e2e5fcf893213fefee9c026af8771b0eed8361f80669eae6082a","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-14a-14a-3-211","next":"us-ok/okla.-stat.-tit.-14a-14a-3-301.1"},"notice":"GroundRules: Original legal text. Not legal advice."}