Oklahoma § 6-1016 - Service charges not part of interest on loans
Full text of Oklahoma Oklahoma Statutes § 6-1016 — Service charges not part of interest on loans, with citation guidance and answers to common questions.
§ 6-1016. Service charges not part of interest on loans
The charges or service fees made by the trust department of any
bank having trust powers and of any trust company organized and
existing under the laws of this state, for any services performed or
under any powers granted to such company, under the laws of this
state, shall not be considered any part of the interest charged on
any loan and shall not be subject to the interest laws of the state.
Added by Laws 1965, c. 161, § 1016.
Oklahoma Statutes - Title 6. Banks and Trust Companies
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 6-1016
What does Oklahoma Statutes § 6-1016 cover?
Section 6-1016 ("Service charges not part of interest on loans") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 6-1016?
A common citation format is "Oklahoma Statutes § 6-1016" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 6-1016 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.