Re: [taxchat] Charging Interest in Oklahoma

Find the State website, then State Banking and search there or find a phone number to the department

 

 

----- Original Message -----

From: Terri Ryman

To: taxchat@yahoogroups.com

Sent: 10/16/2008 9:50 PM

Subject: [taxchat] Charging Interest in Oklahoma

   

 

 

I have a client in OK that wants to start charging interest on past due A/R accounts.  In KS, the Office of the State Bank Commissioner has jurisdiction over how much you can charge.  Additionally, we have a form that has to be completed each year, along with a $25 fee, that allows us to charge interest.

 

1.  Is there a maximum rate that can be charged in OK?

 

2.  Is there an application to complete in OK in order to be allowed to charge interest?

 

I've been checking all over the internet, but am not having much luck.  Does anyone know about this?

 

Thanx!

 

Terri L. Ryman, EA
SOUTHWEST TAX & ACCOUNTING
503 Morton, Box 1367
Elkhart, KS  67950-1367

 

620.697.2422 Phone

 

620.697.4757 Fax

 

tryman@elkhart.com

 

 

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