§14A-3-309.1. Disclosure in credit and charge card applications and solicitation.
Disclosure in credit and charge card applications and solicitation: (1) Any application to open a credit card account for any person under a revolving loan account plan, or a solicitation to open such an account without requiring an application that is mailed to consumers shall disclose the following information, subject to subsection (8) of this […]
§14A-3-409. Use of multiple agreements.
A lender may not use multiple agreements with intent to avoid disclosure of an annual percentage rate pursuant to the provisions on disclosure and advertising (Part 3). The excess amount of loan finance charge provided for in agreements in violation of this section is an excess charge for the purposes of the provisions on the […]
§14A-3-309.2. Disclosure requirements for revolving loan account plans secured by consumer’s principal dwelling.
Disclosure requirements for revolving loan account plans secured by consumer’s principal dwelling. (1) In the case of any revolving loan account plan which provides for any extension of credit which is secured by the consumer’s principal dwelling, the creditor shall make the following disclosures in accordance with subsection (9) of Section 3-302 of this title: […]
§14A-3-410. Subsection 10 mortgages – Limitations and restrictions – Preemption.
(1) Limitation on terms on subsection 10 mortgages. A subsection 10 mortgage referred to in subsection (10) of Section 1-301 of Title 14A of the Oklahoma Statutes shall not contain a demand feature that permits the creditor to terminate the loan in advance of the original maturity date and to demand repayment of the entire […]
§14A-3-309.3. Index or rate of interest on revolving loan account plan subject to variable rate and secured by consumer’s principal dwelling – Termination of account – Change of terms or conditions – Refunding of fees.
(1) In the case of extensions of credit under a revolving loan account plan which are subject to a variable rate and are secured by a consumer’s principal dwelling, the index or other rate of interest to which changes in the annual percentage rate are related shall be based on an index or rate of […]
§14A-3-411. Refinancing loan to subsection 10 mortgage – Borrower’s interest.
A creditor may not refinance any consumer loan to the same borrower into a loan subject to subsection (10) of Section 1-301 of Title 14A of the Oklahoma Statutes, unless the refinancing is in the borrower’s interest. Factors to be considered in determining whether the refinancing is in the borrower’s interest include, but are not […]
§14A-3-309.4. Additional disclosures for subsection 10 mortgages.
(1) In addition to other disclosures required under this title, for each subsection 10 mortgage referred to in subsection (10) of Section 1-301 of this title, the creditor shall provide the following disclosures in conspicuous type size: (a)“You are not required to complete this agreement merely because you have received these disclosures or have signed […]
§14A-3-309.5. Additional disclosures for reverse mortgages.
(1) In addition to the disclosures required under Title 14A of the Oklahoma Statutes, for each reverse mortgage, the creditor shall, not less than three (3) days prior to consummation of the transaction, disclose to the consumer in conspicuous type a good faith estimate of the projected total cost of the mortgage to the consumer […]
§14A-3-310. Estimates of disclosures.
(1) In the case of any extension of credit that is secured by the dwelling of a consumer, which is also subject to the Real Estate Settlement Procedures Act, 12 U.S.C. Sections 2601 et seq., good-faith estimates of the disclosures required by this part shall be made in accordance with the rules of the Administrator […]
§14A-3-312. Advertising.
(1) No lender shall engage in this state in false or misleading advertising concerning the terms or conditions of credit with respect to a consumer loan. (2) Without limiting the generality of subsection (1), and without requiring a statement of rate of loan finance charge if the loan finance charge is not more than Five […]