§ 2-406

Okla. Stat. tit. 14A, § 2-406

Restriction on Liability in Consumer Lease

Effective Jun 1, 1982Laws 1969, HB 1001, c. 352, § 2-406, emerg. eff. July 1, 1969; Amended by Laws 1982, SB 643, c. 335, § 27, emerg. eff. June 1, 1982.

The obligation of a lessee upon expiration of a consumer lease may not exceed twice the average payment allocable to a monthly period under the lease. This limitation does not apply to charges for damages to the leased property or for other default.

Laws 1969, HB 1001, c. 352, § 2-406, emerg. eff. July 1, 1969; Amended by Laws 1982, SB 643, c. 335, § 27, emerg. eff. June 1, 1982.