Okla. Admin. Code § 670:20-21-3

Current through Vol. 41, No. 24, September 3, 2024

Section 670:20-21-3 - Installment tag plan

(a)Application. Half year tags may be purchased on commercial trucks and tractors by any one owner whose registration fees on such vehicles exceed One Thousand Dollars ($1,000.00) in any one year. The tags for half year registrations must be special ordered from Service Oklahoma.

(b)Qualification for installment tag plan. Vehicles must be registered before January 15, of any year to qualify. A vehicle purchased during the year by an owner who wishes to register it on the installment plan must initially be registered to expire in December of that year. It may then be registered on the installment basis beginning the following year.

(c)Procedure for registration and renewal under installment tag plan. A vehicle so registered must be renewed for the last half of the year before June 30 without penalty. When the last half installment is paid, a last half tag and registration are to be issued as proof that the vehicle is properly registered for the full year. It should be remembered that the last installment is to be paid regardless of whether the vehicle is sold out-of-state, junked out, etc., as the installment purchase is designed only to relieve the owner from a large first-of-the-year lump sum payment. The last half fees must be paid before transferring title if the vehicle is to be sold before June 30. An installment fee will be collected for each half.

Okla. Admin. Code § 670:20-21-3

Adopted by Oklahoma Register, Volume 41, Issue 23, August 15, 2024, eff. 8/25/2024