Oklahoma Payday Loan Collection Check

Live. Collecting an Oklahoma payday loan? 59 O.S. 3108-3110: finance-charge cap, one $25 dishonored fee, no renewals (13-day rule), repayment plan, cooling-off.

Collecting an Oklahoma payday (deferred deposit) loan? Checks the account and each contact against 59 O.S. 3108, 3109 and 3110: finance charge at most $15 per $100 to $300 and $10 per $100 above, one dishonored-instrument charge of at most $25 (none for forgery or theft), no other fees, no renewals including a new loan within 13 days, no loan with more than one outstanding, the 4-installment repayment plan after a third consecutive loan ($15 max fee, positive credit reporting), business-name endorsement, redemption before presentment, and the fifth-loan cooling-off period. Returns violation, review or ok per loan with citations. Nothing stored; not legal advice.

Price: $0.001 per call after 1,000 free per month.

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