Oklahoma § 14A-2-111 Definition: "Amount financed".

Oklahoma Statutes

§ 14A-2-111 — Definition: "Amount financed".

Oklahoma·Title 14A Consumer Credit Code

"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).

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"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).

Oklahoma § 14A-2-111 (Definition: "Amount financed".) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.