Section 2-111 - Definition: "Amount financed""Amount financed" means the total of the following items to the extent that payment is deferred:
(1) the cash price of the goods, services, or interest in land, less the amount of any down payment whether made in cash or in property traded in;(2) the amount actually paid or to be paid by the seller pursuant to an agreement with the buyer to discharge a security interest in or a lien on property traded in; and(3) if not included in the cash price (a) any applicable sales, use, or excise and documentary stamp taxes;(b) amounts actually paid or to be paid by the seller for registration, certificate of title, or license fees; and(c) additional charges permitted by this article (Section 2-202).Okla. Stat. tit. 14A, § 2-111
Added by Laws 1969, HB 1001, c. 352, § 2-111, emerg. eff. 7/1/1969.