Oklahoma § 14A-4-110 Charge for insurance in connection with a deferral,

Oklahoma Statutes

§ 14A-4-110 — Charge for insurance in connection with a deferral,

Oklahoma § 14A-4-110

Title 14AConsumer Credit Code

This text of Oklahoma § 14A-4-110 (Charge for insurance in connection with a deferral,) 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-4-110 (2026).

Text

refinancing, or consolidation - Duplicate charges.

(1)A creditor may not contract for or receive a separate charge for insurance in connection with a deferral (Section 2-204 or Section 3-204), a refinancing (Section 2-205 or Section 3-205), or a consolidation (Section 2-206 or Section 3-206), unless (a) the debtor agrees at or before the time of the deferral, refinancing, or consolidation that the charge may be made;

(b)the debtor is or is to be provided with insurance for an amount or a term, or insurance of a kind, in addition to that to which he would have been entitled had there been no deferral, refinancing, or consolidation;

(c)the debtor receives a refund or credit on account of any unexpired term of existing insurance in the amount that would be required if the insurance were te

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refinancing, or consolidation - Duplicate charges. (1) A creditor may not contract for or receive a separate charge for insurance in connection with a deferral (Section 2-204 or Section 3-204), a refinancing (Section 2-205 or Section 3-205), or a consolidation (Section 2-206 or Section 3-206), unless (a) the debtor agrees at or before the time of the deferral, refinancing, or consolidation that the charge may be made; (b) the debtor is or is to be provided with insurance for an amount or a term, or insurance of a kind, in addition to that to which he would have been entitled had there been no deferral, refinancing, or consolidation; (c) the debtor receives a refund or credit on account of any unexpired term of existing insurance in the amount that would be required if the insurance were terminated (Section 4-108); and (d) the charge does not exceed the amount permitted by this article (Section 4-107). (2) A creditor may not contract for or receive a separate charge for insurance which duplicates insurance with respect to which the creditor has previously contracted for or received a separate charge.