Okla. Stat. tit. 14A, § 14A-3-815
This is the official text of Okla. Stat. tit. 14A, § 14A-3-815, 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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Violation of act
Official statutory text
VIOLATION OF ACT.
A. If a court finds that a consumer litigation funder has not
been properly licensed pursuant to the Uniform Consumer Credit Code
or has intentionally violated Sections 3-801 through 3-817 of the
Uniform Consumer Credit Code with respect to a litigation funding
transaction, the funder is entitled to recover the funded amount
provided to the consumer and may not receive any additional charges.
B. In addition to any other applicable investigative and
enforcement provisions of the Uniform Consumer Credit Code, the
Administrator may, after notice and hearing, impose an
administrative fine not to exceed Five Thousand Dollars ($5,000.00)
against a consumer litigation funder who knowingly and willfully
violates or causes a violation of Sections 3-801 through 3-817 of
the Uniform Consumer Credit Code regarding consumer litigation
funding or a rule adopted thereto.
A. If a court finds that a consumer litigation funder has not
been properly licensed pursuant to the Uniform Consumer Credit Code
or has intentionally violated Sections 3-801 through 3-817 of the
Uniform Consumer Credit Code with respect to a litigation funding
transaction, the funder is entitled to recover the funded amount
provided to the consumer and may not receive any additional charges.
B. In addition to any other applicable investigative and
enforcement provisions of the Uniform Consumer Credit Code, the
Administrator may, after notice and hearing, impose an
administrative fine not to exceed Five Thousand Dollars ($5,000.00)
against a consumer litigation funder who knowingly and willfully
violates or causes a violation of Sections 3-801 through 3-817 of
the Uniform Consumer Credit Code regarding consumer litigation
funding or a rule adopted thereto.
Status: in_force · Read it on the official government site
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