EGCR’s Fun Legal Fact of the Week

EGCR’s Fun Legal Fact of the Week

EGCR’s Fun Legal Fact of the Week is here to help you get through the work week by sharing a random fact about a state law, regulation, and more!

 

In the state of Oklahoma, the state interest rate cannot exceed 6%. However, if a contract states (i.e. in the fine print) otherwise, the interest can be more than 6%. Additionally there are other exceptions such as pawnshops, small loans, and retail installment plans that can avoid this interest regulation.

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