Oklahoma § 14A-2-108 Definition: "Revolving charge account".

Oklahoma Statutes

§ 14A-2-108 — Definition: "Revolving charge account".

Oklahoma § 14A-2-108

Title 14AConsumer Credit Code

This text of Oklahoma § 14A-2-108 (Definition: "Revolving charge account".) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 14A, § 14A-2-108 (2026).

Text

"Revolving charge account" means an open end credit plan between a seller and a buyer under (1) which the seller reasonably contemplates repeated transactions, which prescribes the terms of such transactions, and pursuant to which the seller will permit the buyer to purchase goods or services on credit either from the seller or pursuant to a seller credit card; and (2) which provides for a credit service charge which is not precomputed but is computed on the outstanding unpaid balances of the buyer's account from time to time.

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"Revolving charge account" means an open end credit plan between a seller and a buyer under (1) which the seller reasonably contemplates repeated transactions, which prescribes the terms of such transactions, and pursuant to which the seller will permit the buyer to purchase goods or services on credit either from the seller or pursuant to a seller credit card; and (2) which provides for a credit service charge which is not precomputed but is computed on the outstanding unpaid balances of the buyer's account from time to time.