OK · constitutions
Okla. Const. art. XIV, § 2
Classification of loans and lenders - Licenses - Maximum rates of interest
The Legislature shall have authority to classify loans and lenders, license and regulate lenders, define interest and fix maximum rates of interest; provided, however, in the absence of legislation fixing maximum rates of interest, all contracts for a greater rate of interest than ten percent(10%) per annum shall be deemed usurious; provided, further, that in contracts where no rate of interest is agreed upon, the rate shall not exceed six percent (6%) per annum.
History
Amended by State Question No. 454, Legislative Referendum No. 167, adopted at election held Sept. 17, 1968.
Provenance
- Source
- oklegislature.gov
- Retrieved
- 2026-09-29
- Edition
- supplied-2026-09-29
- Content hash
6b31aa5600eda898453b9b0f5168c34662f9d70160e60663d801bbf08fcabd38
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