SECTION 160:20-1-4. Rule announcing changes in dollar amounts - July 1, 1980  


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  • (a)   The percentage of change, calculated according to the nearest whole percentage point, between the Index at the end of 1979 and the Reference Base Index is ten percent (10%) or more so various dollar amounts set forth in the Uniform Consumer Credit Code shall change using figures from Consumer Price Index Indicators, Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). [14A:1-106(1), (2) and (3)]
    (b)   Section 3-508B(1)(e) and (f) raised 3-508B loans up to $200 although the $100 in 3-508B(1) was not amended to correspond. In order for the dollar amounts to adjust without ambiguity, the $200 figure is being used.
    (c)   The designated sections and the corresponding dollar amounts to become effective on July 1, 1980, are as follows:
           
           
    Designated Sections
    July 1, 1979
    July 1, 1980
     
           
    2-104(1)(e)
    $25,000
    $40,000
     
    3-508B(1)
    $200
    $320
     
    3-508B(1)(a)
    $29.99
    $47.98
     
    3-508B(1)(a)
    $1-5
    $1.60-8
     
    3-508B(1)(b)
    $29.99-35
    $47.98-56
     
    3-508B(1)(b)
    $3
    $4.80
     
    3-508B(1)(c)
    $35-70
    $56-112
     
    3-508B(1)(c)
    $3.50
    $5.60
     
    3-508B(1)(d)
    $70-100
    $112-160
     
    3-508B(1)(d)
    $4
    $6.40
     
    3-508B(1)(e)
    $100-150
    $160-240
     
    3-508B(1)(e)
    $4.50
    $7.20
     
    3-508B(1)(f)
    $150-200
    $240-320
     
    3-508B(1)(f)
    $5
    $8
     
           
           
[Source: Amended at 17 Ok Reg 1545, eff 5-25-00]