Oklahoma Administrative Code
Title 160 - Department of Consumer Credit
Chapter 10 - Consumer Leasing
Subchapter 1 - General Provisions
Section 160:10-1-1 - Purpose

Universal Citation: OK Admin Code 160:10-1-1
Current through Vol. 42, No. 1, September 16, 2024

The rules in this chapter provide regulations to ensure that lessees of personal property receive meaningful disclosures that enable them to compare lease terms with other leases, and where appropriate, with credit transactions; to limit the amount of balloon payments in consumer lease transations; and to provide for the accurate disclosure of lease terms in advertising.

Amended at 17 Ok Reg 1528, eff 5-25-00

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