Oklahoma § 15-777.4 - Maximum permitted price or rate for sale, rent, or lease

§ 15-777.4. Maximum permitted price or rate for sale, rent, or lease

of goods, services, dwelling units, or storage space - Application

of section.

A. No person for the duration of a declaration of emergency by

the Governor of this state or by the President of the United States

and for thirty (30) days thereafter shall sell, rent, or lease, or

offer to sell, rent, or lease, for delivery in the emergency area,

any goods, services, dwelling units, or storage space in the

emergency area at a rate or price which is more than ten percent

(10%) above the rate or price charged by the person for the same or

similar goods, services, dwelling units, or storage spaces

immediately prior to the declaration of emergency unless the

increase in the rate or price is attributable:

1. To price increases in petroleum and natural gas commodity

markets; or

2. Only to factors unrelated to the emergency and does not

include any increase in profit to the seller or owner.

B. Upon the expiration of the period described in subsection A

of this section and for one hundred eighty (180) days thereafter, no

person shall, within the emergency area, rent or lease or offer to

rent or lease any dwelling unit or storage space or sell or offer to

sell goods for use within the emergency area to repair, restore,

remodel, or construct any dwelling unit for a price of more than ten

percent (10%) above the price charged by that person for the

dwelling unit, storage space, or goods immediately prior to the

declaration of emergency unless the increase in the price is

attributable to:

1. Price increases in petroleum and natural gas commodity

markets; or

2. Factors unrelated to the emergency and does not include any

increase in profit to the seller or owner.

C. A rate or price increase approved by the appropriate

governmental agency is not a violation of this act.

D. This section shall not apply to growers, producers, or

processors of raw or processed food products, except for retail

sales of such products to a consumer.

E. This section shall not apply to sales, rentals, or leases of

goods from a catalog when the catalog is made available in the

normal course of business both prior to and after the declaration of

emergency to all persons regardless of location in the emergency

area.

F. This section shall not apply to advertised rates and prices

which are subject to a published expiration date within or

immediately prior to the declaration of emergency.

Added by Laws 1999, c. 154, § 4, emerg. eff. May 13, 1999. Amended

by Laws 2008, c. 74, § 1, emerg. eff. April 22, 2008;

Laws 2023, c. 181, § 1, emerg. eff. May 2, 2023.

Oklahoma Statutes - Title 15. Contracts

NOTE: Editorially renumbered from § 776.4 of this title to avoid

duplication in numbering.