Oklahoma Statutes

§ 14A-3-207 — Conversion to revolving loan account.

Oklahoma·Title 14A Consumer Credit Code
The parties may agree to add to a revolving loan account the unpaid balance of a consumer loan, not made pursuant to a revolving loan account, or a refinancing, or consolidation thereof, or the unpaid balance of a consumer credit sale, refinancing, or consolidation. For the purpose of this section (1) the unpaid balance of a consumer loan, refinancing, or consolidation is an amount equal to the principal determined according to the provisions on refinancing (Section 3-205); and (2) the unpaid balance of a consumer credit sale, refinancing, or consolidation is an amount equal to the amount financed determined according to the provisions on refinancing (Section 2- 205).

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Legislative History

Added by Laws 1969, c. 352, § 3-207, eff. July 1, 1969.

Nearby Sections

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