{"data":{"id":"us-ok/okla.-stat.-tit.-14a-14a-5-107","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 14A, § 14A-5-107","heading":"Extortionate extensions of credit","body":"(1) If it is the understanding of the creditor and the debtor\n\nat the time an extension of credit is made that delay in making\n\nrepayment or failure to make repayment could result in the use of\n\nviolence or other criminal means to cause harm to the person,\n\nreputation, or property of any person, the repayment of the\n\nextension of credit is unenforceable through civil judicial\n\nprocesses against the debtor.\n\n(2) If it is shown that an extension of credit was made at an\n\nannual rate exceeding forty-five percent (45%) calculated according\n\nto the actuarial method and that the creditor then had a reputation\n\nfor the use or threat of use of violence or other criminal means to\n\ncause harm to the person, reputation, or property of any person to\n\ncollect extensions of credit or to punish the nonrepayment thereof,\n\nthere is prima facie evidence that the extension of credit was\n\nunenforceable under subsection (1), unless such rate was otherwise\n\nlawful under any provision or provisions of this act.","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":"9a5bbc6bd59276b22c3fb3f9c1cf1dfa2d061197829f021c6e5f3fcb8f802bab","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-14a-14a-5-106","next":"us-ok/okla.-stat.-tit.-14a-14a-5-108"},"notice":"GroundRules: Original legal text. Not legal advice."}