Hope For Financially Challenged Since 2007

84% Clients satisfied

In the last 7 years

Watch 377 live reviews

Know why people trust us

Satisfaction Guarantee

No Result Refund Policy

We follow FTC

Since we care for you

Payday loan laws in Oklahoma

  • Status: Legal (Okla. Stat. Tit. 59 §§ 3101 et seq.)
For Lenders

Lending specifications:

  • Maximum loan amount: $500
  • Loan tenure: 12 - 45 days
  • Fees and finance charges: $15 for every $100 (up to $300); an additional $10 on every $100 advanced after $300
  • Finance charge on a 14-day $100 loan: $15
  • APR on 14-day $100 loan: 390%

Collection restrictions:

  • Collection fees: $25 NSF fee (if disclosed)
  • Criminal procedures: Prohibited
For Borrowers

Debt limits:

  • Maximum no. of outstanding loans at a time: Two
  • Rollovers allowed: None
  • Cooling-off phase: Second business day after the 5th consecutive loan repaid
  • Repayment plan: Available

Complaint cell:

  • Regulator: Oklahoma Department of Consumer Credit
  • Address: 3613 NW 56th Street, Suite 240, Oklahoma City, Oklahoma 73112-4512
  • Phone: (405) 521-3653
  • Fax: (405) 521-6740
  • Tollfree: (800) 448-4904 (In-state)
  • Regulatory contact: Jack R. Stone, Deputy Administrator
  • Website: http://www.ok.gov/okdocc/
  • File complaint: http://www.ok.gov/okdocc/Complaints/
    index.html



Latest Articles

    Do you have to pay tax on the amount saved from debt settlement?

    Don’t be too happy if debt collectors have left your life last year. Your money woes haven't ended yet. You may receive a 1099C form months after settling your credit card debts. The IRS sends this form to those consumers who have paid less than what they owed to creditors. If your ... Read More »

    Latest answers

    Why did I receive the Premium Tax Credit letter from the IRS ...

    I am from Mississippi. I have received a Premium Tax Credit letter. Can you tell me why I have received this letter? What steps should I take now ... Read More »

    Latest from blog

    Last-minute financial moves you must make in this tax season

    File a new W-4 form for a better return on investment. Book your air tickets to keep your expenses down on your summer travel plans. Check how your budget performed in the first quarter of 2016. Change it if necessary. Use your extra money to reduce your credit card debts and ... Read More »

    Trust Symbol

    Check out Oak View Law Group on Yelp

    The services of Oak View Law Group (OVLG) and its affiliates may not be available in all states. OVLG along with its Of Counsel attorneys may also be referred to as "Oak View Law Group", "we", "us" or "the firms".
    Copyright © 2015 Oak View Law Group

    Contact us at:-
    Oak View Law Group APC
    4966 El Camino Real STE 225, Los Altos, CA 94022, United States

    Stay Connected


    Disclaimer: The contents of this web site are not intended to establish an attorney-client relationship, provide the reader with legal advice, or substitute for legal advice from an attorney.
    • The debt settlement program typically lasts between 6 months to 4 years time.
    • At least 30% of the debt amount per creditor needs to be accumulated in the trust account for OVLG to give the creditor any settlement offer.
    • Not all creditors or debt collectors will accept a reduction in the balance, interest rate, or fees a customer owes such creditor or debt collector.
    • Pending completion of the represented debt-relief services, the customer's creditors or debt collectors may pursue collection efforts, including initiation of lawsuits.
    • That the use of the debt-relief service will likely adversely affect the consumer's creditworthiness, may result in consumers being sued by their creditors, and may increase the amount owed to creditors as a result of the accrual of additional fees and interest.
    • Savings a customer realizes from use of a debt-relief service may be taxable income.
    Report scams to OVLG
    Chat Live!