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Oklahoma Installment Sale and Security Agreement

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This Installment Sale and Security Agreement is between a buyer and seller of goods and gives the buyer the option of paying in installments. It contains the material terms and conditions of the agreement including the amount of the installment payments, the buyer's duty to obtain insurance, and provisions relating to default. This agreement ensures that the unpaid balance remains in full force and effect until fully paid. Under this agreement, the seller retains a security interest in the goods until all installment payments and other amounts due have been paid. This document should be utilized by sellers or buyers of goods located in Oklahoma when using an installment arrangement.

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