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§ 4-106. Unconscionability

Oklahoma Statutes AnnotatedTitle 14A. Consumer Credit Code

Oklahoma Statutes Annotated
Title 14a. Consumer Credit Code (Refs & Annos)
Article 4. Insurance
Part 1. Insurance in General
14A Okl.St.Ann. § 4-106
§ 4-106. Unconscionability
Currentness
(1) In applying the provisions of the act on unconscionability (Sections 5-108 and 6-111) to a separate charge for insurance, consideration shall be given, among other factors, to
(a) potential benefits to the debtor including the satisfaction of his obligations;
(b) the creditor's need for the protection provided by the insurance; and
(c) the relation between the amount and terms of credit granted and the insurance benefits provided.
(2) If consumer credit insurance otherwise complies with this article and other applicable law, neither the amount nor the term of the insurance nor the amount of a charge therefor is in itself unconscionable.

Credits

Laws 1969, c. 352, § 4-106, eff. July 1, 1969.
14A Okl. St. Ann. § 4-106, OK ST T. 14A § 4-106
Current with emergency effective legislation through Chapter 449 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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