reglab/housing_qa huggingface dataset:
24 OK Stat § 24-3 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-3. Fraud only invalidates contracts of debtor.

|In the absence of fraud, every contract of a debtor is valid against all his creditors, existing or subsequent, who have not acquired a lien on the property affected by such contract. |R.L. 1910, § 2894.
24 OK Stat § 24-4 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-4. Alternative right to several funds.

|Where a creditor is entitled to resort to each of several funds for the satisfaction of his claim, and another person has an interest in or is entitled as a creditor to resort to some but not all of them, the latter may require the former to seek satisfaction from those funds to which the latter has no such claim, so far as it can be done without impairing the right of the former to complete satisfaction, and without doing injustice to third persons. |R.L. 1910, § 2895.
24 OK Stat § 24-11 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-11. Preferences permitted.

|Any person in this state indebted to other persons shall have the right to prefer one or more of such creditors in good faith to secure a valid debt, which preference may be manifested by payment, by mortgages, either real or chattel, or by the transfer of personal property or real estate, and if received by the creditor in good faith, such conveyance or mortgage shall be valid in the hands of the mortgagee and constitute a preference to the extent thereof, subject to the laws relating to the filing and recording of mortgages. |R.L. 1910, § 2901.
24 OK Stat § 24-12 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-12. Fraudulent debts - When due.

|In all cases where a debtor has fraudulently contracted a debt, or fraudulently incurred a liability or obligation, for which suit is about to be or has been brought, such debt, liability or obligation shall be deemed due at the time such liability was incurred. |R.L. 1910, § 2902.
24 OK Stat § 24-13 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-13. Insurance on life of debtor - Conditions.

|A. Whenever a credit life insurance policy or other insurance policy is obtained on the life of a debtor under or pursuant to the terms of a contract for the sale of a motor vehicle, merchandise or other property, the person, firm, company or corporation obtaining or receiving the policy shall furnish a copy of the policy, or a certificate or statement of insurance in the case of a group policy, to the insured not later than thirty (30) days after receipt thereof. Such policy shall be on a form approved by the State Insurance Commissioner, and the principal amount payable thereunder shall not be in excess of the total amount the debtor agrees to pay when he enters into such contract, provided, however, that where the indebtedness is repayable in installments, the amount of the insurance shall not exceed the approximate unpaid balance of the loan. If all amounts payable under such contract are paid before the same become due, such policy shall be cancelled at the request of the insured who shall be paid any refund for unearned premium on the policy within fifteen (15) days after such cancellation. |B. Whenever a credit life insurance policy or other insurance policy obtained pursuant to this section is denied or cancelled prior to the satisfaction of the debt by the insurer, notice shall be given by the insurer to the debtor by certified mail with return receipt requested within sixty (60) days of the denial or cancellation.Laws 1957, p. 215, § 1; Laws 1992, c. 18, § 1, eff. Sept. 1, 1992.
24 OK Stat § 24-14 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-14. Insurance on life of debtor - Penalties.

|Any person, firm, company or corporation violating any of the provisions of this act shall be guilty of a misdemeanor and upon conviction thereof shall be fined not less than One Hundred Dollars ($100.00) nor more than Five Hundred Dollars ($500.00), or by imprisonment in the county jail for not more than thirty (30) days, or by both such fine and imprisonment. |Laws 1957, p. 215, § 2.
24 OK Stat § 24-15 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-15. Debt pooling - Prohibition.

|No person, firm, company or corporation shall engage in or operate a business known as debt pooling. |Laws 1957, p. 161, § 1.
24 OK Stat § 24-16 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-16. Debt pooling - Definition.

|Debt pooling is defined as making a contract with a particular debtor whereby the debtor agrees to pay a sum or sums of money periodically to the person engaged in the debt pooling who shall distribute the same among certain specified creditors in accordance with a plan agreed upon and the debtor further agrees to pay such person any valuable consideration for such services or for any other services rendered in connection therewith. |Laws 1957, p. 161, § 2.
24 OK Stat § 24-17 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-17. Debt pooling - Penalties.

|Any person, firm, company or corporation violating any of the provisions of this act shall be guilty of a misdemeanor and upon conviction thereof shall be fined not less than One Hundred Dollars ($100.00) nor more than Five Hundred Dollars ($500.00), or by imprisonment in the county jail for not more than thirty (30) days, or by both such fine and imprisonment. |Laws 1957, p. 161, § 3.
24 OK Stat § 24-18 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-18. Debt pooling - Application of act.

|The provisions of this act shall not apply to any retail merchants' trade association, nonprofit association formed for the purpose of collecting accounts and exchanging credit information, bankruptcy actions filed pursuant to the Federal Bankruptcy Act or acts of duly licensed attorneys distributing funds on behalf of clients. |Laws 1957, p. 161, § 4; Laws 1975, c. 76, § 1, emerg. eff. April 22, 1975.
24 OK Stat § 24-31 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-31. Allowable, when - Preference, effect of.

|An insolvent debtor may, in good faith, execute an assignment of property to one or more assignees, in trust towards the satisfaction of his creditors, in conformity to the provisions of this chapter; subject, however, to the provisions of the law relative to trusts and to fraudulent transfers, and to the restrictions imposed by law upon assignments by special partnerships, by corporations or by other specified classes of persons: Provided, that such assignment shall not be valid if it be upon or contain any trust or condition by which any creditor is to receive a preference or priority over any other creditor; but in such case the property of the insolvent shall become a trust fund to be administered in equity, in the district court, and shall inure to the benefit of all the creditors in proportion to their respective claims or demands. |R.L. 1910, § 214.
24 OK Stat § 24-32 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-32. Insolvency defined.

|A debtor is insolvent, within the meaning of this chapter, when he is unable to pay his debts from his own means as they become due. |R.L. 1910, § 215.
24 OK Stat § 24-33 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-33. Subsisting liabilities.

|An assignment for the benefit of creditors may provide for any subsisting liability of the assignor which he might lawfully pay, whether absolute or contingent. |R.L. 1910, § 216.
24 OK Stat § 24-34 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-34. Assignments void in certain cases.

|An assignment for the benefit of creditors is void against any creditor of the assignor not assenting thereto, in the following cases: |1. If it tend to coerce any creditor to release or compromise his demand.2. If it provide for the payment of any claim known to the assignor to be false or fraudulent; or for the payment of more upon any claim than is known to be justly due from the assignor.3. If it reserve any interest in the assigned property, or in any part thereof, to the assignor, or for his benefit, before all his existing debts are paid, other than property exempt by law from execution.4. If it confer upon the assignee any power which, if exercised, might prevent or delay the immediate conversion of the assigned property to the purposes of the trust.5. If it exempt him from liability for neglect of duty or misconduct.R.L. 1910, § 217.
24 OK Stat § 24-35 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-35. Assignment to be in writing and signed - Acknowledgment, proof and certification.

|An assignment for the benefit of creditors must be in writing, subscribed by the assignor, or by his agent, thereto authorized in writing. It must be acknowledged, or proved and certified, in the mode prescribed by Sections 223 and 224. |R.L. 1910, § 218.
24 OK Stat § 24-36 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-36. Void unless made as prescribed.

|Unless the provisions of the last sections are complied with, an assignment for the benefit of creditors is void against every creditor of the assignor not assenting thereto. |R.L. 1910, § 219.
24 OK Stat § 24-37 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-37. Rights of assignee.

|An assignee for the benefit of creditors is not to be regarded as a purchaser for value, and has no greater rights than his assignor had, in respect to things in action transferred by the assignment. |R.L. 1910, § 220.
24 OK Stat § 24-38 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-38. Inventory, necessity and requisites of.

|Within twenty (20) days after an assignment is made for the benefit of creditors, the assignor must make and file in the manner prescribed by Section 223 a full and true inventory, showing: |1. All the creditors of the assignor;2. The place of residence of each creditor, if known to the assignor, or, if not known, that fact must be stated;3. The sum owing to each creditor, and the nature of each debt or liability, whether arising on written security, account or otherwise;4. The true consideration of the liability in each case, and the place where it arose;5. Every existing judgment, mortgage, or other security for the payment of any debt or liability of the assignor;6. All property of the assignor at the date of the assignment, which is exempt by law from execution; and7. All the assignor's property at the date of the assignment both real and personal, of every kind not so exempt, and the encumbrances existing thereon, and all vouchers and securities relating thereto, and the value of such property according to the best knowledge of the assignor.R.L. 1910, § 221.
24 OK Stat § 24-39 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-39. Inventory verified.

|An affidavit must be made by every person executing an assignment for the benefit of creditors, to be annexed to and filed with the inventory mentioned in the last section, to effect that the same is in all respects just and true, according to the best of the assignor's knowledge and belief. |R.L. 1910, § 222.
24 OK Stat § 24-40 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-40. Record of assignment and inventory - Place of filing - Nonresidents.

|An assignment for the benefit of creditors must be recorded, and the inventory required by Section 221 filed with the register of deeds of the county in which the assignor resided at the date of the assignment; or, if he did not then reside in this state, with the like officer of the county in which his principal place of business was then situated; or, if he had not then a residence or place of business in this state, with the like officer of the county in which the principal part of the assigned property was then situated. |R.L. 1910, § 223.
24 OK Stat § 24-41 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-41. More than one assignor - Recording assignment - Filing inventory - Nonresidents.

|If an assignment for the benefit of creditors is executed by more than one assignor, it must be recorded, and a copy of the inventory required by Section 221 must be filed with the register of deeds of every county in which any of the assignors resided at its date, or in which any of them, not then residing in this state, had then a place of business. |R.L. 1910, § 224.
24 OK Stat § 24-42 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-42. Time of recording - Effect of failure to record within time specified.

|An assignment for the benefit of creditors is void against creditors of the assignor, and against purchasers and encumbrancers in good faith and for value, if the assignment is not recorded, and the inventory required by Section 221 filed, pursuant to Section 223, within twenty (20) days after date of assignment. |R.L. 1910, § 225.
24 OK Stat § 24-43 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-43. Real property.

|Where an assignment for the benefit of creditors embraces real property, it is subject to the provisions of all laws relating to the acknowledgment and recording of transfers of real property, as well as those of this chapter. |R.L. 1910, § 226.
24 OK Stat § 24-44 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-44. Bond of assignee.

|Within thirty (30) days after the date of an assignment for the benefit of creditors the assignee must enter into a bond to the state, with sufficient sureties, the amount of said bond to be named and approved by the judge of the district court of the county in which the original inventory is filed, and conditioned for the faithful discharge of the trust, and due accounting for all monies received by the assignee, which bond must be filed in the same office with the original inventory. |R.L. 1910, § 227; Laws 1915, c. 206, § 1.
24 OK Stat § 24-45 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-45. Authority of assignee begins, when.

|Until the inventory and affidavit required by Sections 221 and 222 have been made, and the assignment has been duly recorded and the inventory filed, and the assignee has given a bond as required by the last section, an assignee for the benefit of creditors has no authority to dispose of the estate or convert it to the purposes of the trust. |R.L. 1910, § 228.
24 OK Stat § 24-47 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-47. Exempt property and life insurance do not pass - Exception.

|Property exempt from execution and insurances upon the life of the assignor do not pass to the assignee by a general assignment for the benefit of the creditors, unless the instrument specially mentions them, and declares an intention that they should pass thereby. |R.L. 1910, § 230.
24 OK Stat § 24-48 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-48. Compensation of assignee.

|In the absence of any provision in the assignment to the contrary, an assignee for the benefit of creditors is entitled to the same commissions as are allowed by law to executors and guardians; but the assignment cannot grant more and may restrict the commissions to a less amount, or deny them altogether. |R.L. 1910, § 231.
24 OK Stat § 24-49 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-49. Good faith protects assignee.

|An assignee for the benefit of creditors is not to be held liable for his acts done in good faith in the execution of the trust merely for the reason that the assignment is afterwards adjudged void. |R.L. 1910, § 232.
24 OK Stat § 24-50 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-50. Cancellation or modification of assignment - Assent of creditor affected.

|An assignment for the benefit of creditors, which has been executed and recorded so as to transfer the property to the assignee, cannot afterward be canceled or modified by the parties thereto, without the consent of every creditor affected thereby. |R.L. 1910, § 233.
24 OK Stat § 24-81 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-81. Persons furnishing ratings to request statement of assets and liabilities.

|Any person, firm or corporation engaged in or purporting to furnish retail merchants the financial or credit rating of any person who is the actual or prospective customer of such retail merchant shall, before furnishing such rating, submit, either in person or by mailing, to his last known post office address, to the person whose rating is about to be reported, a request asking for a statement of the assets and liabilities of such person. |R.L. 1910, § 2906.
24 OK Stat § 24-82 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-82. Copy of opinion furnished person to whom it relates.

|Whenever an opinion in writing upon the financial or credit standing of any person is about to be submitted for the purpose of establishing a financial or credit rating of customers, to be used by the retail business concerns, the person, firm or corporation submitting such opinion shall first mail a copy of such opinion to the person about whom the opinion is given, at his proper post office address. |R.L. 1910, § 2907.
24 OK Stat § 24-83 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-83. False credit information or false rating - Penalty - Damages.

|A. Any person, firm or corporation who knowingly and willfully introduces, attempts to introduce or causes to be introduced false information into the files of a consumer reporting agency or credit bureau for the purpose of wrongfully damaging or wrongfully enhancing the credit information of any individual, shall be guilty of a misdemeanor and upon conviction shall be punished by imprisonment in the county jail for not more than one (1) year or by a fine of not more than Five Thousand Dollars ($5,000.00), or by both such fine and imprisonment. |B. Any person, firm or corporation who knowingly promulgates or publishes a false opinion or statement in any book or list as to the credit or financial standing of any person, and circulates such book or list among wholesale or retail business concerns, shall be liable in damages to the person about whom the false opinion or statement is made, for the full amount of injury sustained, and in addition thereto for exemplary damages in any sum to be fixed by the jury, and shall also be guilty of a misdemeanor and upon conviction shall be punished by imprisonment in the county jail for not more than one (1) year or by a fine of not more than Five Thousand Dollars ($5,000.00), or by both such fine and imprisonment.R.L. 1910, § 2908; Laws 1984, c. 59, § 1, emerg. eff. March 27, 1984.
24 OK Stat § 24-84 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-84. Person rated may see rate book - Penalty.

|Whenever a credit or financial rating of any person is contained in any book or list which was circulated among retail business concerns for the purpose of establishing a financial or credit rating of consumers, any person, firm or corporation having such book or list in his or its possession, custody or control shall, upon demand made in person, produce and show such rating to the person so rated; and any person, firm or corporation failing or refusing to comply with the above requirements shall be guilty of a misdemeanor, and upon conviction, shall be fined in any sum not less than Twenty-five Dollars ($25.00) nor more than One Thousand Dollars ($1,000.00). |R.L.1910, § 2909.
24 OK Stat § 24-85 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-85. False credit statement.

|Every person, firm or corporation, or the agent, clerk or employee thereof, who knowingly makes, causes to be made, or permits to be made, any false credit statement to any wholesale dealer, for the purpose of establishing credit in general or with such dealer, or to any person, firm or corporation engaged in furnishing credit statements to wholesale merchants in general or to any particular person, firm or corporation engaged in the wholesale business, shall be guilty of a misdemeanor and upon conviction shall be punished by imprisonment in the county jail for not more than one (1) year or by a fine of not more than Five Thousand Dollars ($5,000.00), or by both such fine and imprisonment. |R.L. 1910, § 2910; Laws 1984, c. 59, § 2, emerg. eff. March 27, 1984.
24 OK Stat § 24-86 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-86. Restrictions on inclusion of tax lien information in credit report or rating.

|A consumer reporting agency, credit bureau or any similar agency which furnishes a credit report or rating may include in such report or rating information on tax liens, executed pursuant to Article 2 of the Oklahoma Tax Code, only when the information is obtained directly from the Oklahoma Tax Commission. A consumer reporting agency, credit bureau or any similar agency which furnishes a credit report or rating shall use due diligence in updating the status of a tax lien. |Added by Laws 1994, c. 278, § 1, eff. Sept. 1, 1994.
24 OK Stat § 24-112 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-112. Short title.

|This act shall be known and may be cited as the "Uniform Fraudulent Transfer Act". |Added by Laws 1986, c. 100, § 1, eff. Nov. 1, 1986.
24 OK Stat § 24-114 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-114. Tests for determining insolvency.

|A. A debtor is insolvent if the sum of the debtor's debts is greater than all of the debtor's assets at a fair valuation. |B. A debtor who is generally not paying his debts as they become due is presumed to be insolvent.C. A partnership is insolvent pursuant to the provisions of subsection A of this section if the sum of the partnership's debts is greater than the aggregate, at a fair valuation, of all of the partnership's assets and the sum of the excess of the value of each general partner's nonpartnership assets over the partner's nonpartnership debts.D. Assets pursuant to the provisions of this section do not include property that has been transferred, concealed, or removed with intent to hinder, delay, or defraud creditors or that has been transferred in a manner making the transfer voidable pursuant to the provisions of the Uniform Fraudulent Transfer Act.E. Debts pursuant to the provisions of this section do not include an obligation to the extent it is secured by a valid lien on property of the debtor not included as an asset.Added by Laws 1986, c. 100, § 3, eff. Nov. 1, 1986.
24 OK Stat § 24-115 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-115. Value defined.

|A. Value is given for a transfer or an obligation if, in exchange for the transfer or obligation, property is transferred or an antecedent debt is secured or satisfied, but value does not include an unperformed promise made otherwise than in the ordinary course of the promisor's business to furnish support to the debtor or another person. |B. For the purposes of paragraph 2 of subsection A of Section 5 and Section 6 of this act, a person gives a reasonably equivalent value if the person acquires an interest of the debtor in an asset pursuant to a regularly conducted, noncollusive foreclosure sale or execution of a power of sale for the acquisition or disposition of the interest of the debtor upon default under a mortgage, deed of trust, or security agreement.C. A transfer is made for present value if the exchange between the debtor and the transferee is intended by them to be contemporaneous and is in fact substantially contemporaneous.Added by Laws 1986, c. 100, § 4, eff. Nov. 1, 1986.