Oklahoma Statutes
§ 14A-3-108 — Definition: "Revolving loan account".
Oklahoma·Title 14A Consumer Credit Code
"Revolving loan account" means an open-end credit plan between a lender and a debtor under (1) which the lender reasonably contemplates repeated transactions, which prescribes the terms of such transactions, and pursuant to which the lender will permit the debtor to obtain loans from time to time; and (2) which provides for a loan finance charge which is not precomputed but is computed on the outstanding unpaid balances of the debtor's account from time to time.
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Oklahoma § 14A-3-108 (Definition: "Revolving loan account".) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Laws 1969, c. 352, § 3-108, eff. July 1, 1969. Amended by Laws 1982, c. 335, § 34, operative June 1, 1982.
Nearby Sections
15
§ 14A-1-101
Short title.§ 14A-1-102
Purposes - Rules of construction.§ 14A-1-104
Construction against implicit repeal.§ 14A-1-105
Repealed§ 14A-1-108
Effect of act on powers of organizations.§ 14A-1-110
Use of cash discounts.§ 14A-1-111
Location of amendments.§ 14A-1-201
Territorial application.§ 14A-1-201A
Extraterritorial application.§ 14A-1-202
Exclusions.§ 14A-1-301
General definitions.