Oklahoma Administrative Code
Title 160 - Department of Consumer Credit
Chapter 10 - Consumer Leasing
Subchapter 1 - General Provisions
Section 160:10-1-1.2 - Scope
Universal Citation: OK Admin Code 160:10-1-1.2
Current through Vol. 42, No. 1, September 16, 2024
(a) This chapter applies to all persons that are lessors of personal property under consumer leases.
(b) This chapter does not apply to a lease transaction of personal property which is incident to the lease of real property and which provides that:
(1) the lessee has no liability for the value of the personal property at the end of the lease term except for abnormal wear and tear, and
(2) the lessee has no option to purchase the leased property.
Added at 17 Ok Reg 1528, eff 5-25-00
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