{"data":{"id":"us-ok/okla.-stat.-tit.-14a-14a-3-510","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 14A, § 14A-3-510","heading":"Restrictions on interest in land as security","body":"\n\n(1) With respect to a supervised loan in which the principal is\n\nOne Thousand Dollars ($1,000.00) or less, and the loan finance\n\ncharge calculated according to the actuarial method exceeds twenty-\n\none percent (21%) per year on the unpaid balances of principal, a\n\nlender may not contract for an interest in land as security. A\n\nsecurity interest taken in violation of this section is void.\n\n(2) This section shall not apply with respect to an open-end\n\ncredit plan under which a lender makes advances and takes or retains\n\na security interest in the principal dwelling of the debtor where\n\nthe advances are made in accordance with an established credit limit\n\nof at least One Thousand Dollars ($1,000.00) for the plan.","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":"a8c2bd36dfb839e56753c81ca27447e808fde3f14c30b91021d9a868711a718d","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-14a-14a-3-509","next":"us-ok/okla.-stat.-tit.-14a-14a-3-511"},"notice":"GroundRules: Original legal text. Not legal advice."}