Okla. Stat. tit. 14A § 3-515

Current through Laws 2024, c. 453.

Section 3-515 - Restrictions on interest in motor vehicles as security

With respect to a supervised loan made under the provisions of Section 3-508B of this title in which the principal is Three Hundred Dollars ($300.00) or less, a lender may not contract for an interest in motor vehicles as security. A security interest taken in violation of this section is void.

Okla. Stat. tit. 14A, § 3-515

Added by Laws 1997, HB 1393, c. 288, § 6.