Oklahoma Statutes
Okla. Stat. tit. 14A, § 3-404 (2026)
Attorney's fees
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Except as provided by the provisions on limitations on attorney's fees as to certain supervised loans (Section 3-514), with respect to a consumer loan the agreement may provide for the payment by the debtor of reasonable attorney's fees not in excess of fifteen percent (15%) of the unpaid debt after default and referral to an attorney not a salaried employee of the lender. A provision in violation of this section is unenforceable. Added by Laws 1969, c. 352, § 3-404, eff. July 1, 1969. Amended by Laws 1970, c. 282, § 9.
Notes of Decisions
Cited in 2
cases, 1996–1997 · leading case: Wade v. Hatcher (In re Hatcher), 208 B.R. 959 (B.A.P. 10th Cir. 1997).
Wade v. Hatcher (In re Hatcher), 208 B.R. 959 (B.A.P. 10th Cir. 1997). “Okla. Stat. Ann. tit. 14A, § 3-404 (West 1996).”
In re Hatcher, 202 B.R. 626 (Bankr. E.D. Okla. 1996). “[W]ith respect to a consumer loan the agreement may provide for the payment by the debtor of reasonable attorney’s fees not in excess of fifteen percent (15%) of the unpaid debt after default and referral to an attorney not a salaried employee of the lender.”
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