Oklahoma Administrative Code
Title 160 - Department of Consumer Credit
Chapter 20 - Changes in Dollar Amounts
Section 160:20-1-4 - Rule announcing changes in dollar amounts - July 1, 1980
Current through Vol. 42, No. 1, September 16, 2024
(a) The percentage of change, calculated according to the nearest whole percentage point, between the Index at the end of 1979 and the Reference Base Index is ten percent (10%) or more so various dollar amounts set forth in the Uniform Consumer Credit Code shall change using figures from Consumer Price Index Indicators, Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). [14A:1-106(1), (2) and (3)]
(b) Section 3-508B(1)(e) and (f) raised 3-508B loans up to $200 although the $100 in 3-508B(1) was not amended to correspond. In order for the dollar amounts to adjust without ambiguity, the $200 figure is being used.
(c) The designated sections and the corresponding dollar amounts to become effective on July 1, 1980, are as follows:
| Designated Sections | July 1, 1979 | July 1, 1980 |
| 2-104(1)(e) | $25,000 | $40,000 |
| 3-508B(1) | $200 | $320 |
| 3-508B(1)(a) | $29.99 | $47.98 |
| 3-508B(1)(a) | $1-5 | $1.60-8 |
| 3-508B(1)(b) | $29.99-35 | $47.98-56 |
| 3-508B(1)(b) | $3 | $4.80 |
| 3-508B(1)(c) | $35-70 | $56-112 |
| 3-508B(1)(c) | $3.50 | $5.60 |
| 3-508B(1)(d) | $70-100 | $112-160 |
| 3-508B(1)(d) | $4 | $6.40 |
| 3-508B(1)(e) | $100-150 | $160-240 |
| 3-508B(1)(e) | $4.50 | $7.20 |
| 3-508B(1)(f) | $150-200 | $240-320 |
| 3-508B(1)(f) | $5 | $8 |
Amended at 17 Ok Reg 1545, eff 5-25-00
