Okla. Stat. tit. 14A, § 14A-3-704
This is the official text of Okla. Stat. tit. 14A, § 14A-3-704, part of Oklahoma’s Stat. tit. 14A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 14A,." Browse the sections below, each linked to its official government source.
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Restrictions on private educational lenders
Official statutory text
(1) A private educational lender may not use the name, emblem,
mascot, or logo of the covered educational institution, or other
words, pictures, or symbols readily identified with the covered
educational institution, in the marketing of private education loans
in any way that implies that the covered educational institution
endorses the private education loans offered by the private
educational lender.
(2) Any person who is employed in the financial aid office of a
covered educational institution, or who otherwise has
responsibilities with respect to private education loans or other
financial aid of the institution, and who serves on an advisory
board, commission, or group established by a private educational
lender or group of such lenders shall be prohibited from receiving
anything of value from the private educational lender or group of
lenders. Nothing in this subsection prohibits the reimbursement of
reasonable expenses incurred by an employee of a covered educational
institution as part of their service on an advisory board,
commission, or group described in this subsection.
(3) It shall be unlawful for any private educational lender to
impose a fee or penalty on a borrower for early repayment or
prepayment of any private education loan.
(4) An institution of higher education shall publicly disclose
any contract or other agreement made with a card issuer or creditor
for the purpose of marketing a credit card.
Oklahoma Statutes - Title 14A. Consumer Credit Code Page 165
(5) No card issuer or creditor may offer to a student at an
institution of higher education any tangible item to induce such
student to apply for or participate in an open-end consumer credit
plan offered by such card issuer or creditor, if such offer is made:
(a) on the campus of an institution of higher education;
(b) near the campus of an institution of higher education,
as determined by rule of the Administrator; or
(c) at an event sponsored by or related to an institution
of higher education.
mascot, or logo of the covered educational institution, or other
words, pictures, or symbols readily identified with the covered
educational institution, in the marketing of private education loans
in any way that implies that the covered educational institution
endorses the private education loans offered by the private
educational lender.
(2) Any person who is employed in the financial aid office of a
covered educational institution, or who otherwise has
responsibilities with respect to private education loans or other
financial aid of the institution, and who serves on an advisory
board, commission, or group established by a private educational
lender or group of such lenders shall be prohibited from receiving
anything of value from the private educational lender or group of
lenders. Nothing in this subsection prohibits the reimbursement of
reasonable expenses incurred by an employee of a covered educational
institution as part of their service on an advisory board,
commission, or group described in this subsection.
(3) It shall be unlawful for any private educational lender to
impose a fee or penalty on a borrower for early repayment or
prepayment of any private education loan.
(4) An institution of higher education shall publicly disclose
any contract or other agreement made with a card issuer or creditor
for the purpose of marketing a credit card.
Oklahoma Statutes - Title 14A. Consumer Credit Code Page 165
(5) No card issuer or creditor may offer to a student at an
institution of higher education any tangible item to induce such
student to apply for or participate in an open-end consumer credit
plan offered by such card issuer or creditor, if such offer is made:
(a) on the campus of an institution of higher education;
(b) near the campus of an institution of higher education,
as determined by rule of the Administrator; or
(c) at an event sponsored by or related to an institution
of higher education.
Status: in_force · Read it on the official government site
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