Okla. Stat. tit. 14A, § 14A-3-809
This is the official text of Okla. Stat. tit. 14A, § 14A-3-809, 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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License required - Application
Official statutory text
LICENSE REQUIRED; APPLICATION.
A. A consumer litigation funder shall obtain a license from the
Administrator before engaging in an activity in this state that
shall be performed under a consumer litigation funding agreement
that complies with this act.
B. A consumer litigation funder shall file a licensing
application in the form and manner prescribed by the Administrator.
The application shall:
1. Contain all information the Administrator requires to
evaluate the character and fitness of the applicant, and if the
Oklahoma Statutes - Title 14A. Consumer Credit Code Page 175
applicant is an entity, the character and fitness of each officer
and director of the applicant funder; and
2. Be accompanied by a fee of Two Hundred Ninety Dollars
($290.00).
C. Nothing in this section shall prohibit a company doing
business as a consumer litigation funder in this state on the
effective date of this act from continuing to do so during the time
period in which the initial licensure application is being processed
by the Administrator, and until such time as the application is
approved or denied.
A. A consumer litigation funder shall obtain a license from the
Administrator before engaging in an activity in this state that
shall be performed under a consumer litigation funding agreement
that complies with this act.
B. A consumer litigation funder shall file a licensing
application in the form and manner prescribed by the Administrator.
The application shall:
1. Contain all information the Administrator requires to
evaluate the character and fitness of the applicant, and if the
Oklahoma Statutes - Title 14A. Consumer Credit Code Page 175
applicant is an entity, the character and fitness of each officer
and director of the applicant funder; and
2. Be accompanied by a fee of Two Hundred Ninety Dollars
($290.00).
C. Nothing in this section shall prohibit a company doing
business as a consumer litigation funder in this state on the
effective date of this act from continuing to do so during the time
period in which the initial licensure application is being processed
by the Administrator, and until such time as the application is
approved or denied.
Status: in_force · Read it on the official government site
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