reglab/housing_qa huggingface dataset:
24 OK Stat § 24-116 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-116. Transfers fraudulent to creditors.

|A. A transfer made or obligation incurred by a debtor is fraudulent as to a creditor, whether the creditor's claim arose before or after the transfer was made or the obligation was incurred, if the debtor made the transfer or incurred the obligation: |1. With actual intent to hinder, delay, or defraud any creditor of the debtor; or2. Without receiving a reasonably equivalent value in exchange for the transfer or obligation, and the debtor:a.was engaged or was about to engage in a business or a transaction for which the remaining assets of the debtor were unreasonably small in relation to the business or transaction, orb.intended to incur, or believed or reasonably should have believed that he would incur, debts beyond his ability to pay as they became due.B. In determining actual intent pursuant to the provisions of paragraph 1 of subsection A of this section, consideration may be given, among other factors, to whether:1. The transfer or obligation was to an insider;2. The debtor retained possession or control of the property transferred after the transfer;3. The transfer or obligation was disclosed or concealed;4. Before the transfer was made or obligation was incurred, the debtor had been sued or threatened with suit;5. The transfer was of substantially all the debtor's assets;6. The debtor absconded;7. The debtor removed or concealed assets;8. The value of the consideration received by the debtor was reasonably equivalent to the value of the asset transferred or the amount of the obligation incurred;9. The debtor was insolvent or became insolvent shortly after the transfer was made or the obligation was incurred;10. The transfer occurred shortly before or shortly after a substantial debt was incurred; and11. The debtor transferred the essential assets of the business to a lienor who transferred the assets to an insider of the debtor.Added by Laws 1986, c. 100, § 5, eff. Nov. 1, 1986.
24 OK Stat § 24-117 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-117. Transfer fraudulent to creditor whose claim arose before transfer made or obligation incurred.

|A. A transfer made or obligation incurred by a debtor is fraudulent as to a creditor whose claim arose before the transfer was made or the obligation was incurred if the debtor made the transfer or incurred the obligation without receiving a reasonably equivalent value in exchange for the transfer or obligation and the debtor was insolvent at that time or the debtor became insolvent as a result of the transfer or obligation. |B. A transfer made by a debtor is fraudulent as to a creditor whose claim arose before the transfer was made if the transfer was made to an insider for an antecedent debt, the debtor was insolvent at that time, and the insider had reasonable cause to believe that the debtor was insolvent.Added by Laws 1986, c. 100, § 6, eff. Nov. 1, 1986.
24 OK Stat § 24-118 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-118. Tests for determining when transfer is made or obligation incurred.

|For the purposes of the Uniform Fraudulent Transfer Act: |1. A transfer is made:a.with respect to an asset that is real property other than a fixture, but including the interest of a seller or purchaser under a contract for the sale of the asset, when the transfer is so far perfected that a good-faith purchaser of the asset from the debtor against whom applicable law permits the transfer to be perfected cannot acquire an interest in the asset that is superior to the interest of the transferee; andb.with respect to an asset that is not real property or that is a fixture, when the transfer is so far perfected that a creditor on a simple contract cannot acquire a judicial lien otherwise than in accordance with the provisions of the Uniform Fraudulent Transfer Act that is superior to the interest of the transferee.2. If applicable law permits the transfer to be perfected as provided for in paragraph 1 of this section and the transfer is not so perfected before the commencement of an action for relief pursuant to the provisions of the Uniform Fraudulent Transfer Act, the transfer is deemed made immediately before the commencement of the action.3. If applicable law does not permit the transfer to be perfected as provided for in paragraph 1 of this section, the transfer is made when it becomes effective between the debtor and the transferee.4. A transfer is not made until the debtor has acquired rights in the asset transferred.5. An obligation is incurred:a.if oral, when it becomes effective between the parties; orb.if evidenced by a writing, when the writing executed by the obligor is delivered to or for the benefit of the obligee.Added by Laws 1986, c. 100, § 7, eff. Nov. 1, 1986.
24 OK Stat § 24-119 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-119. Creditor's remedies.

|A. In an action for relief against a transfer or obligation pursuant to the provisions of the Uniform Fraudulent Transfer Act, a creditor, subject to the limitations of Section 9 of this act, may obtain: |1. Avoidance of the transfer or obligation to the extent necessary to satisfy the creditor's claim; or2. An attachment or other provisional remedy against the asset transferred or other property of the transferee as provided for by law; or3. Subject to applicable principles of equity and in accordance with applicable rules of civil procedure:a.an injunction against further disposition by the debtor or a transferee, or both, of the asset transferred or of other property, orb.appointment of a receiver to take charge of the asset transferred or of other property of the transferee, orc.any other relief the circumstances may require.B. If a creditor has obtained a judgment on a claim against the debtor, the creditor, if the court so orders, may levy execution on the asset transferred or its proceeds.Added by Laws 1986, c. 100, § 8, eff. Nov. 1, 1986.
24 OK Stat § 24-120 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-120. Voidable and nonvoidable transfers - Creditor's remedies and limitations thereon.

|A. A transfer or obligation is not voidable as provided for in paragraph 1 of subsection A of Section 5 of this act against a person who took in good faith and for a reasonably equivalent value or against any subsequent transferee or obligee. |B. Except as otherwise provided for in this section, to the extent a transfer is voidable in an action by a creditor pursuant to the provisions of paragraph 1 of subsection A of Section 8 of this act, the creditor may recover judgment for the value of the asset transferred, as adjusted in accordance with the provisions of subsection C of this section, or the amount necessary to satisfy the creditor's claim, whichever is less. The judgment may be entered against:1. The first transferee of the asset or the person for whose benefit the transfer was made; or2. Any subsequent transferee other than a good faith transferee who took for value or from any subsequent transferee.C. If the judgment provided for in subsection B of this section is based upon the value of the asset transferred, the judgment must be for an amount equal to the value of the asset at the time of the transfer, subject to adjustment as the equities may require.D. Notwithstanding voidability of a transfer or an obligation pursuant to the provisions of the Uniform Fraudulent Transfer Act, a good faith transferee or obligee is entitled, to the extent of the value given the debtor for the transfer or obligation, to:1. A lien on or a right to retain any interest in the asset transferred;2. Enforcement of any obligation incurred; or3. A reduction in the amount of the liability on the judgment.E. A transfer is not voidable pursuant to the provisions of paragraph 2 of subsection A of Section 5 or Section 6 of this act if the transfer results from:1. Termination of a lease upon default by the debtor when the termination is pursuant to the lease and applicable law; or2. Enforcement of a security interest in compliance with Article 9 of the Uniform Commercial Code.F. A transfer is not voidable pursuant to the provisions of subsection B of Section 6 of this act:1. To the extent the insider gave new value to or for the benefit of the debtor after the transfer was made unless the new value was secured by a valid lien; or2. If made in the ordinary course of business or financial affairs of the debtor and the insider; or3. If made pursuant to a good-faith effort to rehabilitate the debtor and the transfer secured present value given for that purpose as well as an antecedent debt of the debtor.Added by Laws 1986, c. 100, § 9, eff. Nov. 1, 1986.
24 OK Stat § 24-121 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-121. Limitation of actions.

|A cause of action with respect to a fraudulent transfer or obligation pursuant to the provisions of the Uniform Fraudulent Transfer Act, Section 112 et seq. of this title, is extinguished unless action is brought: |1. Pursuant to the provisions of paragraph 1 of subsection A of Section 116 of this title, within four (4) years after the transfer was made or the obligation was incurred or, if later, within one (1) year after the transfer or obligation was or could reasonably have been discovered by the claimant;2. Pursuant to the provisions of paragraph 2 of subsection A of Section 116 of this title or subsection A of Section 117 of this title, within four (4) years after the transfer was made or the obligation was incurred;3. Pursuant to the provisions of subsection B of Section 117 of this title, within one (1) year after the transfer was made or the obligation was incurred; or4. For the purpose of transfers made or obligations incurred prior to November 1, 1986, the statute of limitations in effect prior to November 1, 1986, shall apply to claims or causes of action based thereon, but in no event shall a claim or cause of action be brought with respect to such transfers or obligations incurred any later than November 1, 1990.Added by Laws 1986, c. 100, § 10, eff. Nov. 1, 1986. Amended by Laws 1988, c. 325, § 1, eff. Nov. 1, 1988.
24 OK Stat § 24-122 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-122. Supplementary principles of law and equity.

|Unless displaced by the provisions of the Uniform Fraudulent Transfer Act, the principles of law and equity, including the law merchant and the law relating to principal and agent, estoppel, laches, fraud, misrepresentation, duress, coercion, mistake, insolvency, or other validating or invalidating cause, supplement the provisions of the Uniform Fraudulent Transfer Act. |Added by Laws 1986, c. 100, § 11, eff. Nov. 1, 1986.
24 OK Stat § 24-123 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-123. Application and construction of act.

|The Uniform Fraudulent Transfer Act shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this act among states enacting it. |Added by Laws 1986, c. 100, § 12, eff. Nov. 1, 1986.
24 OK Stat § 24-131 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-131. Short title.

|This act shall be known and may be cited as the "Credit Services Organization Act". |Added by Laws 1987, c. 35, § 1, emerg. eff. April 20, 1987.
24 OK Stat § 24-133 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-133. Restrictions.

|A credit services organization, its salespersons, agents, and representatives, and independent contractors who sell or attempt to sell the services of a credit services organization may not do any of the following: |1. Charge or receive any money or other valuable consideration prior to full and complete performance of the services the credit services organization has agreed to perform for the buyer, unless the credit services organization has obtained a surety bond of Ten Thousand Dollars ($10,000.00) issued by a surety company admitted to do business in this state and established a trust account at a federally insured bank or savings and loan association located in this state;2. Charge or receive any money or other valuable consideration solely for referral of the buyer to a retail seller who will or may extend credit to the buyer if the credit that is or will be extended to the buyer is upon substantially the same terms as those available to the general public;3. Make or counsel or advise any buyer to make any statement that is untrue or misleading or that should be known by the exercise of reasonable care to be untrue or misleading, to a credit reporting agency or to any person who has extended credit to a buyer or to whom a buyer is applying for an extension of credit with respect to a buyer's credit worthiness, credit standing, or credit capacity; or4. Make or use any untrue or misleading representations in the offer or sale of the services of a credit services organization or engage, directly or indirectly, in any act, practice, or course of business that operates or would operate as fraud or deception upon any person in connection with the offer or sale of the services of a credit services organization.Added by Laws 1987, c. 35, § 3, emerg. eff. April 20, 1987.
24 OK Stat § 24-134 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-134. Exemption from bond and trust account provisions - Responsibility for employees or agents.

|If a credit services organization is in compliance with paragraph 1 of Section 3 of this act, the salesperson, agent, or representative who sells the services of that organization is not required to obtain a surety bond and establish a trust account. Provided, however, said organization or entity shall be responsible for the acts of their employees or agents performed within the scope of their employment. |Added by Laws 1987, c. 35, § 4, emerg. eff. April 20, 1987.
24 OK Stat § 24-135 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-135. Information statement - Written statement required.

|Before the execution of a contract or agreement between the buyer and a credit services organization or before the receipt by the credit services organization of any money or other valuable consideration, whichever occurs first, the credit services organization shall provide the buyer with a statement, in writing, containing all the information required by Section 6 of this act. The credit services organization shall maintain on file for a period of two (2) years an exact copy of the statement, personally signed by the buyer, acknowledging receipt of a copy of the statement. |Added by Laws 1987, c. 35, § 5, emerg. eff. April 20, 1987.
24 OK Stat § 24-136 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-136. Information statement - Contents.

|The information statement required pursuant to Section 5 of this act shall include all of the following: |1.a.a complete and accurate statement of the buyer's right to review any file on the buyer maintained by any consumer reporting agency, as provided under the Federal Fair Credit Reporting Act, 15 U.S.C., Sections 1681 through 1681t,b.a statement that the buyer may review his or her consumer reporting agency file at no charge if a request is made to the consumer credit reporting agency within thirty (30) days after receiving notice that credit has been denied, andc.the approximate price the buyer will be charged by the consumer reporting agency to review his or her consumer reporting agency file;2. A complete and accurate statement of the buyer's right to dispute the completeness or accuracy of any item contained in any file on the buyer maintained by any consumer reporting agency;3. A complete and detailed description of the services to be performed by the credit services organization for the buyer and the total amount the buyer will have to pay, or become obligated to pay, for the services;4. A statement asserting the buyer's right to proceed against the bond or trust account required under Section 3 of this act; and5. The name and address of the surety company that issued the bond, or the name and address of the depository and the trustee and the account number of the trust account.Added by Laws 1987, c. 35, § 6, emerg. eff. April 20, 1987.
24 OK Stat § 24-137 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-137. Contracts - Contents - Form for "Notice of Cancellation" - Copies.

|A. Each contract between the buyer and a credit services organization for the purchase of the services of the credit services organization shall be in writing, dated, signed by the buyer, and include the following: |1. A conspicuous statement in bold face type, in immediate proximity to the space reserved for the signature of the buyer, as follows: "You, the buyer, may cancel this contract at any time prior to midnight of the fifth day after the date of the transaction. See the attached notice of cancellation form for an explanation of this right";2. The terms and conditions of payment, including the total of all payments to be made by the buyer, whether to the credit services organization or to some other person;3. A full and detailed description of the services to be performed by the credit services organization for the buyer, including all guarantees and all promises of full or partial refunds, and the estimated date by which the services are to be performed, or estimated length of time for performing the services; and4. The credit services organization's principal business address which shall be the actual office location of the organization and the name and address of its agent in the state authorized to receive service of process.B. The contract shall be accompanied by a completed form in duplicate, captioned "Notice of Cancellation" that shall be attached to the contract, be easily detachable, and contain in bold face type the following statement written in the same language as used in the contract:"Notice of CancellationYou may cancel this contract, without any penalty or obligation, within five (5) days from the date the contract is signed.If you cancel any payment made by you under this contract, it will be returned within ten (10) days following receipt by the seller of your cancellation notice.To cancel this contract, mail or deliver a signed dated copy of this cancellation notice, or any other written notice to(name of seller)  at  (address of seller)(place of business)  not later than midnight  (date)I hereby cancel this transaction,(date)(purchaser's signature) "C. The credit services organization shall give to the buyer a copy of the completed contract and all other documents the credit services organization requires the buyer to sign at the time they are signed.Added by Laws 1987, c. 35, § 7, emerg. eff. April 20, 1987.
24 OK Stat § 24-138 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-138. Waivers - Burden of proof - Violations and jurisdiction - Enforcement of rights.

|A. Any waiver by a buyer of any part of this act is void. Any attempt by a credit services organization to have a buyer waive rights given by this act is a violation of this act. |B. In any proceeding involving this act, the burden of proving an exemption or an exception from a definition is upon the person claiming it.C. Any person who violates this act is guilty of a misdemeanor. Any district court of this state has jurisdiction in equity to restrain and enjoin the violation of this act.D. This section does not prohibit the enforcement by any person of any right provided by this or any other law.Added by Laws 1987, c. 35, § 8, emerg. eff. April 20, 1987.
24 OK Stat § 24-139 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-139. Action for damages - Remedies not exclusive.

|A. Any buyer injured by a violation of this act may bring any action for recovery of damages. Judgment shall be entered for actual damages, but in no case less than the amount paid by the buyer to the credit services organization, plus reasonable attorney's fees and costs. An award may also be entered for punitive damages. |B. The remedies provided under this act are in addition to any other procedures or remedies for any violation or conduct provided for in any other law.Added by Laws 1987, c. 35, § 9, emerg. eff. April 20, 1987.
24 OK Stat § 24-140 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-140. Rules and regulations.

|The Department of Consumer Credit shall administer and promulgate rules and regulations to implement the provisions of this act. |Added by Laws 1987, c. 35, § 10, emerg. eff. April 20, 1987.
24 OK Stat § 24-141 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-141. License required – Extensions of credit in compliance with law.

|No person shall engage in business as a credit service organization without first obtaining a license from the Administrator pursuant to the provisions of the Credit Services Organization Act. Any extensions of credit brokered or arranged on behalf of a buyer by a credit service organization must comply with the provisions of the Uniform Consumer Credit Code and the Credit Services Organization Act. |Added by Laws 1987, c. 208, § 46, operative July 1, 1987. Amended by Laws 1987, c. 236, § 72, emerg. eff. July 20, 1987; Laws 2002, c. 171, § 2.
24 OK Stat § 24-142 (2021)
2021 Oklahoma Statutes|Title 24. Debtor and Creditor|§24-142. Application for license - Resident agent.

|A. Applications for a credit service organization license shall be under oath and shall state the full name and place of residence of the applicant. If the applicant is a partnership, the full name and place of residence of each member thereof shall be stated. If the applicant is a corporation, the full name and place of residence of each officer or major stockholder thereof shall be stated. The application shall give the approximate location from which the business is to be conducted, and shall contain such relevant information as the Administrator may require. |B. Each licensee shall maintain on file with the Administrator a written appointment of a resident of this state as his agent for service of all judicial or other process or legal notice, unless the licensee has appointed an agent pursuant to another statute of this state. In case of noncompliance with the provision of this section, such service may be made on the Administrator on behalf of the licensee.Added by Laws 1987, c. 208, § 47, operative July 1, 1987 and Laws 1987, c. 236, § 73, emerg. eff. July 20, 1987.