Oklahoma Statutes (Last Updated: September 18, 2014)

§ 14A-3-202.1. Return of dishonored check, negotiable order of withdrawal or share draft - Fee.

Latest version.

The lender of a consumer loan may charge and collect from the debtor a fee for each return by a bank or other depository institution of a dishonored check, negotiable order of withdrawal or share draft issued by the debtor in connection with the consumer loan. The amount of the fee shall be limited to the amount which the Oklahoma Tax Commission or a motor license agent may charge and collect pursuant to the provisions of Section 1121 of Title 47 of the Oklahoma Statutes. This fee shall be in addition to all other loan finance charges, fees and additional charges which the lender may charge and collect from the debtor under this Code and shall not be subject to refund or rebate.

Added by Laws 1984, c. 51, § 2, emerg. eff. March 28, 1984. Amended by Laws 2000, c. 114, § 2, eff. Nov. 1, 2000.

                    
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