Legal Opinion

Independent Finance Institute v. Clark

Supreme Court of Oklahoma

Decided November 4, 1999No. 89,504PublishedCited by 15 opinions

1Opinion of the Court

¶ 1 KAUGER, J.:

¶ 2 In 1969, the OMahoma Legislature enacted the OMahoma Consumer Credit Code, (the Code) 14A O.S.1991 §§ 1-101 et seq. This first impression question concerns the regulation and refinancing of supervised loans and supervised lenders under the Code. Supervised loans are consumer loans in which the rate of the loan finance charge exceeds ten percent per year. 1 Supervised lenders are persons who make supervised loans. 2

¶ 3 Title 14A O.S.1991 § 3-508A 3 of the Code covers large supervised loans and allows lenders to contract for a loan finance charge when making a loan. Section…

2Cases cited28 opinions

  1. Great Northern Railway Co. v. Sunburst Oil & Refining Co.Supreme Court of the United States · 1932
  2. Fuller v. OdomSupreme Court of Oklahoma · 1987
  3. Tate v. Browning-Ferris, Inc.Supreme Court of Oklahoma · 1992
  4. Hendrick v. WaltersSupreme Court of Oklahoma · 1993
  5. Oglesby v. Liberty Mutual Insurance Co.Supreme Court of Oklahoma · 1992

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3Cited by15 opinions

  1. Keating v. EdmondsonSupreme Court of Oklahoma · 2001
  2. IN RE: INITIATIVE PETITION NO. 397, STATE QUESTION NO. 767Supreme Court of Oklahoma · 2014
  3. Oklahoma Public Employees Ass'n v. Oklahoma Department of Central ServicesSupreme Court of Oklahoma · 2002
  4. IN RE: INITIATIVE PETITION NO. 397, STATE QUESTION NO. 767Supreme Court of Oklahoma · 2014
  5. Black Diamond Energy of Delaware Inc., a Foreign Corporation v. Wyoming Oil and Gas Conservation CommissionWyoming Supreme Court · 2020

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