Oklahoma § 14A-4-301 Property insurance.

Oklahoma Statutes

§ 14A-4-301 — Property insurance.

Oklahoma § 14A-4-301

Title 14AConsumer Credit Code

This text of Oklahoma § 14A-4-301 (Property insurance.) 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-4-301 (2026).

Text

(1)A creditor may not contract for or receive a separate charge for insurance against loss of or damage to property unless:

(a)the insurance covers a substantial risk of loss of or damage to property related to the credit transaction;

(b)the amount, terms, and conditions of the insurance are reasonable in relation to the character and value of the property insured or to be insured; and (c) the term of the insurance is reasonable in relation to the terms of credit.

(2)The term of insurance is reasonable if it is customary and does not extend substantially beyond a scheduled maturity.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) A creditor may not contract for or receive a separate charge for insurance against loss of or damage to property unless: (a) the insurance covers a substantial risk of loss of or damage to property related to the credit transaction; (b) the amount, terms, and conditions of the insurance are reasonable in relation to the character and value of the property insured or to be insured; and (c) the term of the insurance is reasonable in relation to the terms of credit. (2) The term of insurance is reasonable if it is customary and does not extend substantially beyond a scheduled maturity.