§ 3102. Definitions
Oklahoma Statutes AnnotatedTitle 59. Professions and Occupations
59 Okl.St.Ann. § 3102
§ 3102. Definitions
As used in the Deferred Deposit Lending Act:
2. “Administrator” means the Administrator as defined in the Uniform Consumer Credit Code;1
6. “Deferred deposit lender” or “lender” means any person licensed under this act to make deferred deposit loans, including an assignee of the lender's right to payment, but use of the term does not itself impose on an assignee any obligation of the lender with respect to events occurring before the assignment;
15. “Regulation Z” means Title 160, Chapter 45 of the Oklahoma Administrative Code, adopted in conformity with the Consumer Credit Protection Act, Public Law 90-321, 82 Stat. 146, as amended,2 including the amendments to the Federal Consumer Credit Protection Act in the Truth in Lending Simplification and Reform Act, Public Law 96-221, 94 Stat. 168-185;3 and
16. “Renewal” means a transaction in which a debtor pays in cash the finance charge payable under a deferred deposit loan and refinances all or part of the unpaid balance of the principal of the deferred deposit loan with a new deferred deposit loan. A transaction is also considered a renewal if a debtor pays off an existing deferred deposit loan with the proceeds of a deferred deposit loan from another lender.
Credits
Laws 2003, c. 240, § 2, eff. Sept. 1, 2003; Laws 2004, c. 557, § 1, emerg. eff. June 10, 2004.
59 Okl. St. Ann. § 3102, OK ST T. 59 § 3102
Current with emergency effective legislation through Chapter 182 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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