Oklahoma § 14A-3-106 Definition: "Loan".

Oklahoma Statutes

§ 14A-3-106 — Definition: "Loan".

Oklahoma § 14A-3-106

Title 14AConsumer Credit Code

This text of Oklahoma § 14A-3-106 (Definition: "Loan".) 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-3-106 (2026).

Text

(1)"Loan" includes (a) the creation of debt by the lender's payment of or agreement to pay money to the debtor or to a third party for the account of the debtor;

(b)the creation of debt by a credit to an account with the lender upon which the debtor is entitled to draw immediately;

(c)the creation of debt pursuant to a lender credit card or similar arrangement, except that the creation of debt or the forbearance of debt arising from a sale or lease of goods or services pursuant to a lender credit card shall be a "loan" only as to the issuer of such card and not as to a seller nor a lessor nor any assignee of a seller's right to payment or lessor's right to payment; and (d) the forbearance of debt arising from a loan.

(2)"Loan" does not include the creation of debt nor the forbearance o

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(1) "Loan" includes (a) the creation of debt by the lender's payment of or agreement to pay money to the debtor or to a third party for the account of the debtor; (b) the creation of debt by a credit to an account with the lender upon which the debtor is entitled to draw immediately; (c) the creation of debt pursuant to a lender credit card or similar arrangement, except that the creation of debt or the forbearance of debt arising from a sale or lease of goods or services pursuant to a lender credit card shall be a "loan" only as to the issuer of such card and not as to a seller nor a lessor nor any assignee of a seller's right to payment or lessor's right to payment; and (d) the forbearance of debt arising from a loan. (2) "Loan" does not include the creation of debt nor the forbearance of debt in connection with a sale or lease of goods or services arising pursuant to a seller credit card as to the issuer of such card, nor a seller, a lessor or any assignee of a seller's or lessor's right to payment, nor otherwise.