Legal Opinion
Aple Auto Cash Express, Inc. of Oklahoma v. State Ex Rel. Oklahoma Department of Consumer Credit
Supreme Court of Oklahoma
Decided October 21, 2003No. 97,635PublishedCited by 6 opinions
1Opinion of the Court
KAUGER, J:
1 The question presented on certiorari is whether a company's purchase of customers' vehicles at a reduced price and the subsequent lease-back to the customers as rent-to-own vehicles falls under the Oklahoma Rental-Purchase Act, 59 0.98.2001 § 1950 et seq. 1 or whether such transactions should be regulated as a supervised consumer loan under 14A 0.$.2001 § 1-101 et seq. 2 We hold that these transactions are nothing more than disguised loans, rather than bona fide sales or rental agreements, and should be regulated as such.
FACTS
1 2 The Oklahoma Department of Consumer Credit (the…
2Cases cited11 opinions
- Keating v. EdmondsonSupreme Court of Oklahoma · 2001
- City of Tulsa v. State Ex Rel. Public Employees Relations BoardSupreme Court of Oklahoma · 1998
- City of Hugo v. State Ex Rel. Public Employees Relations BoardSupreme Court of Oklahoma · 1994
- Campbell v. WhiteSupreme Court of Oklahoma · 1993
- Walker v. Group Health Services, Inc.Supreme Court of Oklahoma · 2001
6 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Bosh v. Cherokee County Building AuthoritySupreme Court of Oklahoma · 2013
- Kruchowski v. Weyerhaeuser Co.Supreme Court of Oklahoma · 2009
- Gomes v. HameedSupreme Court of Oklahoma · 2008
- Western Heights Independent School District No. I-41 of Oklahoma County v. State Ex Rel. Oklahoma State Department of EducationCourt of Civil Appeals of Oklahoma · 2006
- Gomes v. HameedSupreme Court of Oklahoma · 2008
1 more not listed; retrieve them via the Exa API.