Oklahoma Statutes (Last Updated: September 18, 2014)

§ 14A-3-405. Limitation on default charges.

Latest version.

Except for reasonable expenses incurred in realizing on a security interest, the agreement with respect to a consumer loan may not provide for charges as a result of default by the debtor other than those authorized by this act. A provision in violation of this section is unenforceable.

Added by Laws 1969, c. 352, § 3-405, eff. July 1, 1969.

                    
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