Oklahoma Statutes (Last Updated: September 18, 2014)

§ 14A-3-515. Restrictions on interest in motor vehicles as security.

Latest version.

Restrictions on interest in motor vehicles as security.
With respect to a supervised loan made under the provisions of Section 3-508B of this title in which the principal is Three Hundred Dollars ($300.00) or less, a lender may not contract for an interest in motor vehicles as security. A security interest taken in violation of this section is void.

Added by Laws 1997, c. 288, § 6.

                    
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