reglab/housing_qa huggingface dataset:
14A OK Stat § 14A-3-502 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-502. Authority to make supervised loans - Administrative actions against unlicensed persons.

|(1) Unless a person is a supervised financial organization or has first obtained a license from the Administrator authorizing the person to make supervised loans, a person shall not engage in the business of: |(a)making supervised loans; or(b)taking assignments and undertaking direct collection of payments from or enforcement of rights against debtors arising from supervised loans.(2) In addition to civil and criminal penalties, the Administrator may initiate administrative action against an unlicensed person as if the person held a license if the person is found to be engaging in the business of making supervised loans.Added by Laws 1969, c. 352, § 3-502, eff. July 1, 1969. Amended by Laws 2000, c. 217, § 14, eff. July 1, 2000.
14A OK Stat § 14A-3-503 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-503. Application for license – Annual fee - Appointment of statutory agent – Bond - Criminal history check.

|(1) Application for a license shall be under oath, shall give the approximate location from which the business is to be conducted, and shall contain such relevant information as the Administrator of Consumer Credit may require. When making application for one or more licenses, the applicant shall pay an investigation fee and an annual license fee. |(2) Every licensee shall maintain on file with the Administrator a written appointment of a resident of this state as the agent for service of all judicial or other process or legal notice, unless the licensee has appointed an agent under another statute of this state. In case of noncompliance, such service may be made on the Administrator.(3) Every applicant shall, also, at the time of filing such application, file with the Administrator, if required, a bond satisfactory to the Administrator and in an amount not to exceed Five Thousand Dollars ($5,000.00) for the first license and One Thousand Dollars ($1,000.00) for each additional license with a surety company qualified to do business in this state as surety, whose total liability in the aggregate shall not exceed the amount of such bond so fixed. The bond shall run to the state for the use of the state and of any person or persons who may have cause of action against the obligor of the bond under the provisions of this title. Such bond shall be conditional that the obligor will faithfully conform to and abide by the provisions of this title and to all rules lawfully made by the Administrator hereunder and will pay to the state and to any such person or persons any and all amounts of money that may become due or owing to the state or to such person or persons from such obligor under and by virtue of the provisions of this title during the calendar year for which the bond is given.(4) As part of the investigation, the Administrator may conduct a national criminal history check pursuant to subsection B of Section 150.9 of Title 74 of the Oklahoma Statutes. The applicant shall furnish to the Administrator, upon request by the Administrator, a complete set of the applicant's fingerprints that shall be certified by an authorized law enforcement officer.Added by Laws 1969, c. 352, § 3-503, eff. July 1, 1969. Amended by Laws 1987, c. 208, § 40, operative July 1, 1987; Laws 1987, c. 236, § 66, emerg. eff. July 20, 1987; Laws 2000, c. 217, § 15, eff. July 1, 2000; Laws 2009, c. 431, § 2, eff. July 1, 2009; Laws 2010, c. 415, § 1, eff. July 1, 2010.
14A OK Stat § 14A-3-507 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-507. Application of Administrative Procedure Act to Part.

|Except as otherwise provided, the general act of this state governing administrative procedures (Title 75, Oklahoma Statutes, Chapters 7 and 8) applies to and governs all administrative action taken by the Administrator pursuant to this part. |Added by Laws 1969, c. 352, § 3-507, eff. July 1, 1969.
14A OK Stat § 14A-3-508C (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-508C. Electronic payment processing convenience fee.

|A. In addition to the loan finance charges permitted by Sections 3-508A and 3-508B of Title 14A of the Oklahoma Statutes, a lender may contract for and receive a convenience fee from any borrower making his or her payment by debit card, electronic funds transfer, electronic check or other electronic means in order to offset the costs incurred by a lender for accepting and processing payments by electronic means. |B. Any convenience fee imposed and collected by a lender pursuant to this section shall not exceed the actual cost or four percent (4%) of the electronic payment transaction, whichever is less.C. Any lender charging a convenience fee pursuant to this section shall notify the customer of the amount of the fee prior to completing an electronic payment transaction, and shall provide the customer an opportunity to cancel the transaction without incurring a fee. A lender shall make available the option to make payments on a loan by check, cash or money order directly to the lender without the imposition of a convenience fee or by various types of electronic payment transactions with any convenience fee fully disclosed either in the loan contract or at the time of the transaction.D. When a borrower elects to make a payment to the lender by debit card, electronic funds transfer, electronic check or other electronic means and a convenience fee is imposed and collected pursuant to this section, the payment of the convenience fee shall not be refundable.E. For purposes of this section, "actual costs" means actual third-party costs incurred for the processing of payments made by electronic means. If the lender is a subsidiary of an entity that processes payments made by electronic means, the parent entity shall be considered a third party.Added by Laws 2018, c. 109, § 1, eff. Nov. 1, 2018.
14A OK Stat § 14A-3-509 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-509. Use of multiple agreements or split loans.

|A lender may not, whether acting independently or in concert with one or more other lenders, use multiple agreements or split a loan (including any refinancing thereof) into multiple loans with intent to obtain a higher rate or amount of loan finance charge under Section 3-508A or 3-508B, whichever is appropriate, than would otherwise be permitted by this article or to avoid disclosure of an annual percentage rate pursuant to the provisions on disclosure and advertising (Part 3). The excess amount of loan finance charge provided for in agreements or split loans in violation of this section are excess charges for the purposes of the provisions on effect of violation on rights of parties (Section 5-202) and the provisions on civil actions by Administrator (Section 6-113). |Added by Laws 1969, c. 352, § 3-509, eff. July 1, 1969. Amended by Laws 1974, c. 95, § 2; Laws 1997, c. 288, § 8.
14A OK Stat § 14A-3-510 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-510. Restrictions on interest in land as security.

|(1) With respect to a supervised loan in which the principal is One Thousand Dollars ($1,000.00) or less, and the loan finance charge calculated according to the actuarial method exceeds twenty-one percent (21%) per year on the unpaid balances of principal, a lender may not contract for an interest in land as security. A security interest taken in violation of this section is void. |(2) This section shall not apply with respect to an open-end credit plan under which a lender makes advances and takes or retains a security interest in the principal dwelling of the debtor where the advances are made in accordance with an established credit limit of at least One Thousand Dollars ($1,000.00) for the plan.Added by Laws 1969, c. 352, § 3-510, eff. July 1, 1969. Amended by Laws 1982, c. 335, § 48, operative Oct. 1, 1982.
14A OK Stat § 14A-3-511 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-511. Regular schedule of payments - Maximum loan term.

|Supervised loans, not made pursuant to a revolving loan account, in which the principal is One Thousand Dollars ($1,000.00) or less and the rate of the loan finance charge calculated according to the actuarial method exceeds eighteen percent (18%) on the unpaid balances of the principal, shall be scheduled to be payable in substantially equal installments at equal periodic intervals except to the extent that the schedule of payments is adjusted to the seasonal or irregular income of the debtor; and |(a)over a period of not more than forty-nine (49) months if the principal is more than Three Hundred Dollars ($300.00); or(b)over a period of not more than thirty-seven (37) months if the principal is Three Hundred Dollars ($300.00) or less.Added by Laws 1969, c. 352, § 3-511, eff. July 1, 1969. Amended by Laws 1989, c. 55, § 1, eff. Nov. 1, 1989.
14A OK Stat § 14A-3-512 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-512. Conduct of business other than making loans.

|A. 1. Except as provided in subsection B of this section, a licensee who is authorized to make supervised loans under this Part shall not engage in the business of making sales of goods at any location where supervised loans are made; provided, however, a licensee may make sales of goods through vending machines at the location where supervised loans are made and may sell other goods approved by the Administrator of the Department of Consumer Credit which are paid for by a consumer in cash and not with the proceeds of a loan by the licensee also making the sale. The word "location" as used in this section means the entire space in which supervised loans are made and said location must be separated from any location in which merchandise is sold or displayed by walls which may be broken only by a passageway to which the public is not admitted. |2. A sale of goods or services pursuant to a lender credit card or similar arrangement made at a place of business other than that of a licensee does not violate this section.3. An occasional sale of property used in the ordinary course of the business of the licensee does not violate this section.4. A sale of items repossessed by the licensee does not violate this section.5. No licensee shall conduct the business of making loans under the Consumer Credit Code under any name, or at any place of business within this state, other than that stated in the license.B. A licensee who is authorized to make supervised loans under this Part may sell goods at any location where supervised loans are made upon meeting the following conditions:1. The Administrator of the Department of Consumer Credit shall be notified in writing of the type and nature of goods to be sold at the location of the licensee;2. Any sale of goods authorized pursuant to this subsection shall be purchased through a loan with the licensee; and3. All goods sold by the licensee pursuant to this subsection shall be restricted to purchase loans made only at A-lender rates and terms.The Administrator shall promulgate rules to ensure lenders comply with the requirements of this subsection.Added by Laws 1969, c. 352, § 3-512, eff. July 1, 1969. Amended by Laws 1997, c. 288, § 1; Laws 2018, c. 111, § 1, eff. Nov. 1, 2018.
14A OK Stat § 14A-3-513 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-513. Application of other provisions.

|Except as otherwise provided, all provisions of this act applying to consumer loans apply to supervised loans. |Added by Laws 1969, c. 352, § 3-513, eff. July 1, 1969.
14A OK Stat § 14A-3-514 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-514. Attorney's fees.

|With respect to a supervised loan in which the principal is One Thousand Dollars ($1,000.00) or less, the agreement may not provide for the payment by the debtor of attorney's fees; however, a court may award reasonable attorney's fees to a prevailing litigant in any transaction where such fees may be awarded in accordance with other statutes of this state. A provision in violation of this section is unenforceable. |Added by Laws 1969, c. 352, § 3-514, eff. July 1, 1969. Amended by Laws 1982, c. 335, § 49, operative June 1, 1982.
14A OK Stat § 14A-3-515 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-515. Restrictions on interest in motor vehicles as security.

|Restrictions on interest in motor vehicles as security. |With respect to a supervised loan made under the provisions of Section 3-508B of this title in which the principal is Three Hundred Dollars ($300.00) or less, a lender may not contract for an interest in motor vehicles as security. A security interest taken in violation of this section is void.Added by Laws 1997, c. 288, § 6.
14A OK Stat § 14A-3-601 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-601. Loans subject to act by agreement of parties.

|The parties to a loan other than a consumer loan may agree in writing signed by the parties that the loan is subject to the provisions of this act applying to consumer loans. If the parties so agree, the loan is a consumer loan for the purposes of this act. |Added by Laws 1969, c. 352, § 3-601, eff. July 1, 1969.
14A OK Stat § 14A-3-605 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-605. Loan finance charge for other loans.

|With respect to a loan other than a consumer loan, the parties may contract for the payment by the debtor of any loan finance charge, not in excess of the rate of loan finance charge specified in Section 5-107(2). |Added by Laws 1969, c. 352, § 3-605, eff. July 1, 1969. Amended by Laws 1982, c. 335, § 50, operative June 1, 1982.
14A OK Stat § 14A-3-701 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-701. Short title – Oklahoma Private Student Loan Transparency and Improvement Act.

|Sections 7 through 11 of this act shall be known and may be cited as the "Oklahoma Private Student Loan Transparency and Improvement Act". |Added by Laws 2013, c. 99, § 7, eff. July 1, 2013.
14A OK Stat § 14A-3-703 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-703. Prohibition on gifts – Revenue sharing.

|A private educational lender may not, directly or indirectly: |(a)offer or provide any gift to a covered educational institution in exchange for any advantage or consideration provided to such private educational lender related to its private educational loan activities; or(b)engage in revenue sharing with a covered educational institution.Added by Laws 2013, c. 99, § 9, eff. July 1, 2013.
14A OK Stat § 14A-3-704 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-704. Restrictions on private educational lenders.

|(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.(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.Added by Laws 2013, c. 99, § 10, eff. July 1, 2013.
14A OK Stat § 14A-3-802 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-802. Nonapplicability of act.

|NONAPPLICABILITY OF ACT. |Except as specifically provided by this act, this act does not apply to the following persons who enter into a consumer litigation funding agreement with a consumer:1. An immediate family member of the consumer;2. An accountant who provides accounting services to the consumer; or3. An attorney who, at the time money is provided to or on behalf of a consumer under a consumer litigation funding agreement, has an attorney-client relationship with the consumer concerning the consumer's legal claim.Added by Laws 2013, c. 386, § 2, eff. Nov. 1, 2013.NOTE: Editorially renumbered from Title 14A, § 3-702 to avoid a duplication in numbering.
14A OK Stat § 14A-3-803 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-803. Agreement required.

|AGREEMENT REQUIRED. |A person who is not described by Section 2 of this act may not enter into a litigation funding transaction with a consumer except under a consumer litigation funding agreement that complies with this act.Added by Laws 2013, c. 386, § 3, eff. Nov. 1, 2013.NOTE: Editorially renumbered from Title 14A, § 3-703 to avoid a duplication in numbering.
14A OK Stat § 14A-3-804 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-804. Duty of attorney.

|DUTY OF ATTORNEY. |An attorney representing a consumer in the legal claim is not under a duty to assign any portion of payments from a settlement, judgment, award, or verdict to the consumer litigation funder unless the attorney has agreed to do so in writing.Added by Laws 2013, c. 386, § 4, eff. Nov. 1, 2013.NOTE: Editorially renumbered from Title 14A, § 3-704 to avoid a duplication in numbering.
14A OK Stat § 14A-3-805 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-805. Form of agreement - Requirement of existing legal claim.

|FORM OF AGREEMENT; REQUIREMENT OF EXISTING LEGAL CLAIM. |A. A consumer litigation funding agreement shall:1. Be in writing;2. Contain the initials of the consumer on each page; and3. Be otherwise complete when presented to the consumer for signature.B. A consumer litigation funding agreement may be entered into only if the agreement relates to:1. An existing legal claim that has been made by or on behalf of the consumer against another person, including the other person's insurer or the consumer's own insurer; or2. An existing proceeding in which the consumer's legal claim is intended to be resolved and with regard to which the consumer is represented by an attorney.Added by Laws 2013, c. 386, § 5, eff. Nov. 1, 2013.NOTE: Editorially renumbered from Title 14A, § 3-705 to avoid a duplication in numbering.
14A OK Stat § 14A-3-806 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-806. Right of rescission.

|RIGHT OF RESCISSION. |A consumer litigation funding agreement shall contain inside a text box, in bold type, a right of rescission permitting the consumer to cancel the agreement without penalty or further obligation if, not later than the fifth business day after the funding date, the consumer:1. Returns to the consumer litigation funder the full amount of the disbursed funds by personally delivering the funder's uncashed check to the funder's office; or2. Sends by insured, certified, or registered United States mail to the address specified in the agreement a notice of cancellation and the full amount of disbursed funds in the form of the funder's uncashed check or a registered or certified check or money order.Added by Laws 2013, c. 386, § 6, eff. Nov. 1, 2013.NOTE: Editorially renumbered from Title 14A, § 3-706 to avoid a duplication in numbering.
14A OK Stat § 14A-3-809 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-809. License required - Application.

|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 applicant is an entity, the character and fitness of each officer and director of the applicant funder; and2. 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.Added by Laws 2013, c. 386, § 9, eff. Nov. 1, 2013.NOTE: Editorially renumbered from Title 14A, § 3-709 to avoid a duplication in numbering.
14A OK Stat § 14A-3-810 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-810. Bond - Letter of credit.

|BOND; LETTER OF CREDIT. |A. The Administrator may require an applicant or license holder to file a bond with the application in an amount not to exceed Fifty Thousand Dollars ($50,000.00).B. The bond terms shall run concurrent with the licensing period. The bond shall provide that the license holder will, during the licensing period:1. Faithfully conform to and abide by:a.the requirements of this act, andb.the rules adopted by the Administrator to administer this act; and2. Provide any amount that may become due or owing to the state from the license holder under this act.C. In lieu of the bond, the applicant or license holder, at the applicant's or license holder's option, may post an irrevocable letter of credit.Added by Laws 2013, c. 386, § 10, eff. Nov. 1, 2013.NOTE: Editorially renumbered from Title 14A, § 3-710 to avoid a duplication in numbering.
14A OK Stat § 14A-3-811 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-811. Issuance of license.

|ISSUANCE OF LICENSE. |The Administrator may not issue a license under this act unless the Administrator, following an investigation, determines that the character and fitness of the applicant or of the applicant funder's officers and directors warrant belief that the business will be operated honestly and fairly in accordance with this act.Added by Laws 2013, c. 386, § 11, eff. Nov. 1, 2013.NOTE: Editorially renumbered from Title 14A, § 3-711 to avoid a duplication in numbering.
14A OK Stat § 14A-3-812 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-812. Hearing.

|HEARING. |A. On written request, the Administrator shall set a hearing before an independent hearing examiner to determine an applicant's qualifications for licensure if:1. The Administrator has notified the applicant in writing of the denial of the application; or2. The Administrator has not issued a license not later than the 60th day after the date the applicant filed the application.B. An applicant may not request a hearing under this section after the 16th day after the date the Administrator sends written notice to the applicant that the application has been denied and stating the reasons for the denial.Added by Laws 2013, c. 386, § 12, eff. Nov. 1, 2013.NOTE: Editorially renumbered from Title 14A, § 3-712 to avoid a duplication in numbering.