Oklahoma Administrative Code
Title 160 - Department of Consumer Credit
Chapter 75 - Consumer Litigation Funding
Subchapter 9 - Forms
Section 160:75-9-1 - Model consumer litigation funding agreement

Universal Citation: OK Admin Code 160:75-9-1

Current through Vol. 41, No. 7, December 15, 2023

(a) Publication and usage. The Administrator may publish a model consumer litigation funding agreement for utilization by a consumer litigation funder. A consumer litigation funder may, but is not required to, utilize a model consumer litigation funding agreement for consumer litigation funding transactions in the State of Oklahoma. A model consumer litigation funding agreement published by the Administrator shall also be published as an appendix to the rules of this chapter.

(b) Presumption of compliance. The utilization of a model consumer litigation funding agreement published as an appendix to the rules of this chapter shall create a presumption that a consumer litigation funder has provided the required disclosures of the Consumer Litigation Funding Act.

Adopted by Oklahoma Register, Volume 32, Issue 24, September 1, 2015, eff. 9/11/2015

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