Okla. Stat. tit. 14A, § 3-501
Definitions - Supervised Loan - Supervised Lender
Effective Apr 15, 1980Laws 1969, HB 1001, c. 352, § 3-501, emerg. eff. July 1, 1969; Amended by Laws 1980, HB 1607, c. 122, § 4, emerg. eff. April 15, 1980.
- (1) "Supervised loan" means a consumer loan in which the rate of the loan finance charge exceeds ten percent (10%) per year as determined according to the provisions on loan finance charge for consumer loans (Section 3-201 ).
- (2) "Supervised lender" means a person authorized to make or take assignments of supervised loans.
Laws 1969, HB 1001, c. 352, § 3-501, emerg. eff. July 1, 1969; Amended by Laws 1980, HB 1607, c. 122, § 4, emerg. eff. April 15, 1980.