Legal Status



Okla. Stat. Tit. 59 §§ 3101 et seq.

Loan Terms

Maximum Loan Amount: $500

Loan Term: 12-45 days

Finance Charge for 14-day $100 Loan: 15 + database fee

APR for 14-day $100 Loan: #VALUE!

Debt Limits

Maximum Number of Outstanding Loans at One Time: 1 among all lenders. 59 Okl. St. § 3109

Rollovers Permitted: No renewals or deferments. 59 Okl. St. § 3109

Cooling-off Period: After the debtor has entered into a fifth consecutive deferred deposit loan, a lender shall not make a deferred deposit loan to a debtor until 8:00 a.m. on the second business day after the fifth consecutive deferred deposit loan has been paid in full. 59 Okl. St. § 3110

Repayment Plan: After 3rd consecutive loan, you may pay up to $15 and enter into an installment plan with 4 equal payments. 59 Okl. St. § 3109. (Information is the same, but there is a spelling mistake)

Collection Limits

Collection Fees: 25

Criminal Action: Prohibited. 59 Okl. St. § 3107