Skip to main content
Loading…

Part 2 EFFECTIVENESS, ATTACHMENT AND RIGHTS OF PARTIES

This part is included in your selections.
This section is included in your selections.

A. General Effectiveness. Except as otherwise provided in this Osage Nation Secured Transactions Act or other applicable law, a security agreement is effective according to its terms between the parties, against purchasers of the collateral, and against creditors.

B. Applicable Consumer Laws and Other Law. A transaction subject to this Osage Nation Secured Transactions Act is subject to any applicable rule of law which establishes a different rule for consumers and

1. Any other applicable Tribal, federal or state statute or regulation that regulates the rates, charges, agreements, and practices for loans, credit sales, or other extensions of credit; and

2. Any consumer-protection statute or regulation.

C. Other Applicable Law Controls. In case of conflict between this Osage Nation Secured Transactions Act and a rule of law, statute, or regulation described in subsection (B) of this section, the rule of law, statute, or regulation prevails. ONCA 07-22, eff. June 18, 2007.