{"data":{"id":"us-ok/okla.-stat.-tit.-14a-14a-5-206","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 14A, § 14A-5-206","heading":"Closed-end consumer credit transaction secured by real","body":"property or dwelling consummated before September 30, 1995 -\n\nNonliability of creditor.\n\n(1) For any closed-end consumer credit transaction that is\n\nsecured by real property or a dwelling, that is subject to Title 14A\n\nof the Oklahoma Statutes, and that is consummated before September\n\n30, 1995, a creditor or any assignee of a creditor shall have no\n\ncivil, administrative, or criminal liability under Title 14A of the\n\nOklahoma Statutes for, and a consumer shall have no extended\n\nrescission rights under subsection (1) of Section 5-204 of Title 14A\n\nof the Oklahoma Statutes with respect to:\n\n(a) the creditor's treatment, for disclosure purpose, of:\n\n(i) taxes described in paragraph (a) of subsection\n\n(1) of Section 3-202 of Title 14A of the Oklahoma\n\nStatutes;\n\n(ii) fees described in paragraphs (d) and (e) of\n\nsubsection (1) of Section 3-202 of Title 14A of\n\nthe Oklahoma Statutes;\n\n(iii) fees and amounts referred to in the third\n\nsentence of paragraph (b) of subsection (1) of\n\nSection 3-109 of Title 14A of the Oklahoma\n\nStatutes; or\n\n(iv) borrower-paid mortgage broker fees referred to in\n\nsubparagraph (vi) of paragraph (b) of subsection\n\n(1) of Section 3-109 of Title 14A of the Oklahoma\n\nStatutes;\n\n(b) the form of written notice used by the creditor to\n\ninform the obligor of the rights of the obligor under\n\nSection 5-204 of Title 14A of the Oklahoma Statutes if\n\nthe creditor provided the obligor with a properly\n\ndated form of written notice published and adopted by\n\nthe Administrator or a comparable written notice, and\n\notherwise complied with all the requirements of this\n\nsection regarding notice; or\n\n(c) any disclosure relating to the finance charge imposed\n\nwith respect to the transaction if the amount or\n\npercentage actually disclosed:\n\n(i) may be treated as accurate for purposes of this\n\ntitle if the amount disclosed as the finance\n\ncharge does not vary from the actual finance\n\ncharge by more than Two Hundred Dollars\n\n($200.00);\n\n(ii) may, under paragraph (b) of subsection (6) of\n\nSection 3-304 of Title 14A of the Oklahoma\n\nStatutes, be treated as accurate for purposes of\n\nSection 5-204 of Title 14A of the Oklahoma\n\nStatutes; or\n\n(iii) is greater than the amount or percentage required\n\nto be disclosed under Title 14A of the Oklahoma\n\nStatutes.\n\n(2) Subsection (1) of this section shall not apply to:\n\n(a) any individual action or counterclaim brought under\n\nTitle 14A of the Oklahoma Statutes which was filed\n\nbefore June 1, 1995;\n\n(b) any class action brought under Title 14A of the\n\nOklahoma Statutes for which a final order certifying a\n\nclass was entered before January 1, 1995;\n\n(c) the named individual plaintiffs in any class action\n\nbrought under Title 14A of the Oklahoma Statutes which\n\nwas filed before June 1, 1995; or\n\n(d) any consumer credit transaction with respect to which\n\na timely notice of rescission was sent to the creditor\n\nbefore June 1, 1995.","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":"af2b3da883a13096e6c8074e3ab3fc2a66984dcb7ee764e512dac295c585c823","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-14a-14a-5-205","next":"us-ok/okla.-stat.-tit.-14a-14a-5-301"},"notice":"GroundRules: Original legal text. Not legal advice."}