Okla. Stat. tit. 14A § 3-405

Current through Laws 2024, c. 378.
Section 3-405 - Limitation on default charges

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.

Okla. Stat. tit. 14A, § 3-405

Added by Laws 1969, HB 1001, c. 352, § 3-405, emerg. eff. 7/1/1969.