APLE AUTO CASH EXP. v. STATE EX REL. DEPT.

No. 97,635.

78 P.3d 1231 (2003)

2003 OK 89

APLE AUTO CASH EXPRESS, INC. OF OKLAHOMA, an Oklahoma corporation, Petitioner/Appellant, v. STATE of Oklahoma, ex rel. OKLAHOMA DEPARTMENT OF CONSUMER CREDIT, Respondent/Appellee.

Supreme Court of Oklahoma.

October 21, 2003.


Attorney(s) appearing for the Case

James L. Kincaid, Gary L. Betow, Kayci B. Hughes, Tulsa, OK, for Petitioner/Appellant.

Walter W. Jenny, Jr., Assistant Attorney General, Oklahoma City, OK, for Respondent/Appellee.


KAUGER, J:

¶ 1 The question presented on certiorari is whether a company's purchase of customers' vehicles at a reduced price and the subsequent lease-back to the customers as rent-to-own vehicles falls under the Oklahoma Rental-Purchase Act, 59 O.S.2001 § 1950 et seq.1 or whether such transactions should be regulated as a supervised consumer loan under 14A O.S.2001 § 1-101 et seq.2 We hold that...

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