reglab/housing_qa huggingface dataset:
14A OK Stat § 14A-3-813 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-813. Renewal of license.

|RENEWAL OF LICENSE. |A consumer litigation funder shall renew its license on December 1 every two (2) years by paying a renewal fee as determined by the Administrator.Added by Laws 2013, c. 386, § 13, eff. Nov. 1, 2013.NOTE: Editorially renumbered from Title 14A, § 3-713 to avoid a duplication in numbering.
14A OK Stat § 14A-3-814 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-814. Prohibited activities or conduct.

|PROHIBITED ACTIVITIES OR CONDUCT. |A consumer litigation funder may not:1. Pay or offer to pay a commission, referral fee, or other form of consideration to an attorney, law firm, medical provider, chiropractor, or physical therapist or an employee of such a person for referring a consumer to the funder;2. Accept any commission, referral fee, rebate, or other form of consideration from an attorney, law firm, medical provider, chiropractor, or physical therapist or an employee of such a person;3. Intentionally advertise materially false or misleading information about the funder's products or services;4. Refer, to further an initial legal funding, a customer or potential customer to a specific attorney, law firm, medical provider, chiropractor, or physical therapist or an employee of such a person, except that the funder may refer a customer or potential customer who needs legal representation to a local or state bar association referral service;5. Fail to promptly supply a copy of the executed agreement to the consumer's attorney;6. Knowingly provide funding to a consumer who has previously assigned or sold a portion of the consumer's right to proceeds from the consumer's legal claim without first paying to or purchasing from a previously unsatisfied consumer litigation funder that funder's entire funded amount and charges due under that funder's applicable agreement, unless:a.a lesser amount is otherwise agreed to in writing by the consumer litigation funders, orb.multiple funders have agreed to concurrently provide funding to a consumer, if the consumer consents to the arrangement in writing;7. Make a decision relating to the conduct, settlement, or resolution of the underlying legal claim, the power of which shall remain solely with the consumer and the attorney handling the legal claim; or8. Knowingly pay or offer to pay, using funds from the litigation funding transaction, court costs, filing fees, or attorneys' fees during or after the resolution of the legal claim.Added by Laws 2013, c. 386, § 14, eff. Nov. 1, 2013.NOTE: Editorially renumbered from Title 14A, § 3-714 to avoid a duplication in numbering.
14A OK Stat § 14A-3-815 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-815. Violation of act.

|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.Added by Laws 2013, c. 386, § 15, eff. Nov. 1, 2013. Amended by Laws 2014, c. 252, § 1, eff. July 1, 2014.NOTE: Editorially renumbered from Title 14A, § 3-715 to avoid a duplication in numbering.
14A OK Stat § 14A-3-816 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-816. Implementation.

|As soon as practicable after the effective date of this act, but not later than July 1, 2014, the Commission on Consumer Credit shall adopt the rules and procedures necessary to implement this act. |Added by Laws 2013, c. 386, § 16, eff. Nov. 1, 2013.NOTE: Editorially renumbered from Title 14A, § 3-716 to avoid a duplication in numbering.
14A OK Stat § 14A-3-817 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-3-817. Application of act.

|The changes in law made by this act apply only to a consumer litigation funding agreement entered into on or after the effective date of this act. A consumer litigation funding agreement entered into before the effective date of this act is governed by the law in effect on the date the agreement was entered into, and the former law is continued in effect for that purpose. Nothing in this act shall in any way affect or invalidate any consumer litigation funding agreement previously effectuated prior to the effective date of this act. |Added by Laws 2013, c. 386, § 17, eff. Nov. 1, 2013.NOTE: Editorially renumbered from Title 14A, § 3-717 to avoid a duplication in numbering.
14A OK Stat § 14A-4-101 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-4-101. Short title.

|This article shall be known and may be cited as Uniform Consumer Credit Code - Insurance. |Added by Laws 1969, c. 352, § 4-101, eff. July 1, 1969.
14A OK Stat § 14A-4-102 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-4-102. Scope - Applicability to parties.

|(1) Except as provided in subsection (2), this article applies to insurance provided or to be provided in relation to a consumer credit sale (Section 2-104), a consumer lease (Section 2-106), or a consumer loan (Section 3-104). |(2) The provision on cancellation by a creditor (Section 4-304) applies to loans the primary purpose of which is the financing of insurance. No other provision of this article applies to insurance so financed.(3) Joint life insurance coverage and joint accident and health insurance coverage for debtors with their comakers, endorsers and guarantors shall be permissible under this article; provided, not more than two persons shall be so insured in connection with the same indebtedness.Added by Laws 1969, c. 352, § 4-102, eff. July 1, 1969. Amended by Laws 1995, c. 104, § 1, eff. Nov. 1, 1995.
14A OK Stat § 14A-4-103 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-4-103. Definition: "Consumer credit insurance".

|As used in the Uniform Consumer Credit Code, "consumer credit insurance" means insurance, other than insurance on property as provided for in Section 4-301 of this title, by which the satisfaction of debt in whole or in part is a benefit provided, but does not include: |(a)insurance provided in relation to a credit transaction in which a payment is scheduled more than fifteen (15) years after the extension of credit; or(b)insurance issued as an isolated transaction of the insurer not related to an agreement or plan for insuring debtors of the creditor; or(c)insurance indemnifying the creditor against loss due to the debtor's default.Added by Laws 1969, c. 352, § 4-103, eff. July 1, 1969. Amended by Laws 1984, c. 41, § 1, eff. Nov. 1, 1984.
14A OK Stat § 14A-4-104 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-4-104. Creditor's provision of and charge for insurance - Excess amount of charge.

|(1) Except as otherwise provided in this article and subject to the provisions on additional charges (Section 2-202 and Section 3-202) and maximum charges (Part 2 of Article 2 and Article 3), a creditor may agree to provide insurance, and may contract for and receive a charge for insurance separate from and in addition to other charges. A creditor need not make a separate charge for insurance provided or required by him. This act does not authorize the issuance of any insurance prohibited under any statute, or rule thereunder, governing the business of insurance. |(2) The excess amount of a charge for insurance provided for in agreements in violation of this article is an excess charge for the purposes of the provisions of the article on remedies and penalties (Article 5) as to effect of violations on rights of parties (Section 5-202) and of the provisions of the article on administration (Article 6) as to civil actions by the Administrator (Section 6-113).Added by Laws 1969, c. 352, § 4-104, eff. July 1, 1969.
14A OK Stat § 14A-4-105 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-4-105. Conditions applying to insurance to be provided by creditor.

|If a creditor agrees with a debtor to provide insurance |(1) the insurance shall be evidenced by an individual policy or certificate of insurance delivered to the debtor, or sent to him at his address as stated by him, within thirty (30) days after the term of the insurance commences under the agreement between the creditor and debtor; or(2) the creditor shall promptly notify the debtor of any failure or delay in providing the insurance.Added by Laws 1969, c. 352, § 4-105, eff. July 1, 1969.
14A OK Stat § 14A-4-106 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-4-106. Unconscionability.

|(1) In applying the provisions of the act on unconscionability (Sections 5-108 and 6-111) to a separate charge for insurance, consideration shall be given, among other factors, to |(a)potential benefits to the debtor including the satisfaction of his obligations;(b)the creditor's need for the protection provided by the insurance; and(c)the relation between the amount and terms of credit granted and the insurance benefits provided.(2) If consumer credit insurance otherwise complies with this article and other applicable law, neither the amount nor the term of the insurance nor the amount of a charge therefor is in itself unconscionable.Added by Laws 1969, c. 352, § 4-106, eff. July 1, 1969.
14A OK Stat § 14A-4-107 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-4-107. Maximum charge by creditor for insurance.

|(1) Except as provided in subsection (2), if a creditor contracts for or receives a separate charge for insurance, the amount charged to the debtor for the insurance may not exceed the premium to be charged by the insurer, as computed at the time the charge to the debtor is determined, conforming to any rate filings required by law and made by the insurer with the Insurance Department. |(2) A creditor who provides consumer credit insurance in relation to a revolving charge account (Section 2-108) or revolving loan account (Section 3-108) may calculate the charge to the debtor in each billing cycle by applying the current premium rate to(a)the average daily unpaid balance of the debt in the cycle;(b)the unpaid balance of the debt or a median amount within a specified range of unpaid balances of debt on approximately the same day of the cycle. The day of the cycle need not be the day used in calculating the credit service charge (Section 2-207) or loan finance charge (Section 3-201 and Section 3-508A), but the specified range shall be the range used for that purpose; or(c)the unpaid balances of principal calculated according to the actuarial method.Added by Laws 1969, c. 352, § 4-107, eff. July 1, 1969.
14A OK Stat § 14A-4-108 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-4-108. Refund or credit required - Amount.

|(1) Upon prepayment in full of a consumer credit sale or consumer loan by the proceeds of consumer credit insurance, the debtor or his estate is entitled to a refund of any portion of a separate charge for insurance which by reason of prepayment is retained by the creditor or returned to him by the insurer unless the charge was computed from time to time on the basis of the balances of the debtor's account. Payment by the insurer of the coverage in force at the time the death claim arises includes premiums charged for the coverage. |(2) This article does not require a creditor to grant a refund or credit to the debtor if all refunds and credits due to the debtor under this article amount to less than One Dollar ($1.00), and except as provided in subsection (1) does not require the creditor to account to the debtor for any portion of a separate charge for insurance because(a)the insurance is terminated by performance of the insurer's obligation;(b)the creditor pays or accounts for premiums to the insurer in amounts and at times determined by the agreement between them;(c)the creditor receives directly or indirectly under any policy of insurance a gain or advantage not prohibited by law; or(d)the debtor has voluntarily signed an authorization to continue his coverage in force.(3) Except as provided in subsection (2), the creditor shall promptly make or cause to be made an appropriate refund or credit to the debtor with respect to any separate charge made to him for insurance if(a)the insurance is not provided or is provided for a shorter term than that for which the charge to the debtor for insurance was computed; or(b)the insurance terminates prior to the end of the term for which it was written because of prepayment in full or otherwise.(4) A refund or credit required by subsection (3) is appropriate as to amount if it is computed according to a method prescribed or approved by the Insurance Department or a formula filed by the insurer with the Insurance Department at least thirty (30) days before the debtor's right to a refund or credit becomes determinable, unless the method or formula is employed after the Insurance Department notifies the insurer that it is disapproved.Added by Laws 1969, c. 352, § 4-108, eff. July 1, 1969.
14A OK Stat § 14A-4-109 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-4-109. Existing insurance - Choice of insurer.

|If a creditor requires insurance, upon notice to the creditor the debtor shall have the option of providing the required insurance through an existing policy of insurance owned or controlled by the debtor, or through a policy to be obtained and paid for by the debtor, but the creditor may for reasonable cause decline the insurance provided by the debtor. |Added by Laws 1969, c. 352, § 4-109, eff. July 1, 1969.
14A OK Stat § 14A-4-110 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-4-110. Charge for insurance in connection with a deferral, refinancing, or consolidation - Duplicate charges.

|(1) A creditor may not contract for or receive a separate charge for insurance in connection with a deferral (Section 2-204 or Section 3-204), a refinancing (Section 2-205 or Section 3-205), or a consolidation (Section 2-206 or Section 3-206), unless |(a)the debtor agrees at or before the time of the deferral, refinancing, or consolidation that the charge may be made;(b)the debtor is or is to be provided with insurance for an amount or a term, or insurance of a kind, in addition to that to which he would have been entitled had there been no deferral, refinancing, or consolidation;(c)the debtor receives a refund or credit on account of any unexpired term of existing insurance in the amount that would be required if the insurance were terminated (Section 4-108); and(d)the charge does not exceed the amount permitted by this article (Section 4-107).(2) A creditor may not contract for or receive a separate charge for insurance which duplicates insurance with respect to which the creditor has previously contracted for or received a separate charge.Added by Laws 1969, c. 352, § 4-110, eff. July 1, 1969.
14A OK Stat § 14A-4-111 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-4-111. Cooperation between Administrator and Insurance Department.

|The Administrator and the Insurance Department are authorized and directed to consult and assist one another in maintaining compliance with this article. They may jointly pursue investigations, prosecute suits, and take other official action, as may seem to them appropriate, if either of them is otherwise empowered to take the action. If the Administrator is informed of a violation or suspected violation by an insurer of this article, or of the insurance laws, rules, and regulations of this state, he shall advise the Insurance Department of the circumstances. |Added by Laws 1969, c. 352, § 4-111, eff. July 1, 1969.
14A OK Stat § 14A-4-112 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-4-112. Administrative action of Insurance Department.

|(1) To the extent that its responsibility under this article requires, the Insurance Department shall cause to be issued rules with respect to insurers, and with respect to refunds (Section 4-108), forms, schedules of premium rates and charges (Section 4-203) and its approval or disapproval thereof and, in case of violation, may make an order for compliance. |(2) 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 Insurance Department pursuant to this section.Added by Laws 1969, c. 352, § 4-112, eff. July 1, 1969.
14A OK Stat § 14A-4-113 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-4-113. Sale of insurance product in conjunction with subsection 10 mortgage – Conditions - Disclosure.

|A creditor shall not sell any individual or group credit life, accident and health or unemployment insurance product on a prepaid single premium basis in conjunction with a subsection 10 mortgage referred to in subsection (10) of Section 1-301 of Title 14A of the Oklahoma Statutes unless the following conditions are met: |(a)if a creditor offers any individual or group credit life, accident and health or unemployment insurance product purchased on a prepaid single premium basis in conjunction with a subsection 10 mortgage, the creditor shall offer the obligor the option of purchasing all such insurance on a monthly premium basis, if such option is available;(b)a creditor shall not sell credit life, accident and health or unemployment insurance products in conjunction with a subsection 10 mortgage other than where the insurance premiums are calculated, earned and paid on a monthly or other regular, periodic basis without providing a separate disclosure with a copy acknowledged by the obligor no later than the time of closing in a form substantially similar to the following:"Insurance Notice To ObligorYou have elected to buy credit life, accident and health and/or unemployment insurance in conjunction with this mortgage loan. The cost of this insurance is being prepaid, and it is being financed at the interest rate provided for in the loan. This insurance is not required as a condition of closing this loan, and it has been included with the loan at your request.You have the right at any time to cancel any or all such policies purchased in conjunction with this loan. You may cancel your policy or policies by signing and returning a copy of this notice to your creditor or you may contact your creditor directly.If you cancel your insurance within thirty (30) days of the date of your loan, then you will receive either a full refund or a credit against your loan account. If you cancel your insurance at any other time, you will receive either a refund or credit against your loan account of any unearned premium. You must cancel within thirty (30) days of the date of the loan to receive a full refund.Credit Insurance CancellationI (we) request that the creditor cancel the __________ insurance that I (we) purchased in conjunction with my (our) mortgage loan dated ______________________________________________Today’s Date_____________________________Borrower”(c)this subsection shall not apply to credit life, accident and health or unemployment insurance sold by the creditor for which the obligor chooses the beneficiary and it is someone other than the creditor.Added by Laws 2003, c. 330, § 12, eff. Jan. 1, 2004.
14A OK Stat § 14A-4-201 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-4-201. Term of insurance.

|(1) Consumer credit insurance provided by a creditor may be subject to the furnishing of evidence of insurability satisfactory to the insurer. Whether or not such evidence is required, the term of the insurance shall commence no later than when the debtor becomes obligated to the creditor or when the debtor applies for the insurance, whichever is later, except as follows: |(a)if any required evidence of insurability is not furnished until more than thirty (30) days after the term would otherwise commence, the term may commence on the date when the insurer determines the evidence to be satisfactory; or(b)if the creditor provides insurance not previously provided covering debts previously created, the term may commence on the effective date of the policy.(2) The originally scheduled term of the insurance shall extend at least until the due date of the last scheduled payment of the debt except as follows:(a)if the insurance relates to a revolving charge account or revolving loan account, the term need extend only until the payment of the debt under the account and may be sooner terminated after at least thirty (30) days' notice to the debtor; or(b)if the debtor is advised in writing that the insurance will be written for a specified shorter time, the term need extend only until the end of the specified time.(3) The term of the insurance shall not extend more than fifteen (15) days after the originally scheduled due date of the last scheduled payment of the debt unless it is extended without additional cost to the debtor or as an incident to a deferral, refinancing, or consolidation.Added by Laws 1969, c. 352, § 4-201, eff. July 1, 1969.
14A OK Stat § 14A-4-202 (2021)
2021 Oklahoma Statutes|Title 14A. Consumer Credit Code|§14A-4-202. Amount of insurance.

|(1) Except as provided in subsection (2) |(a)in the case of consumer credit insurance providing life coverage, the amount of insurance may not initially exceed the debt; or(b)in the case of any other consumer credit insurance, the total amount of periodic benefits payable may not exceed the total of scheduled unpaid installments of the debt, and the amount of any periodic benefit may not exceed the original amount of debt divided by the number of periodic installments in which it is payable.(2) If consumer credit insurance is provided in connection with a revolving charge account or revolving loan account, the amounts payable as insurance benefits may be reasonably commensurate with the amount of debt as it exists from time to time. If consumer credit insurance is provided in connection with a commitment to grant credit in the future, the amounts payable as insurance benefits may be reasonably commensurate with the total from time to time of the amount of debt and the amount of the commitment. If the debt or the commitment is primarily for an agricultural purpose, and there is no regular schedule of payments, the amounts payable as insurance benefits may equal the total of the initial amount of debt and the amount of the commitment.Added by Laws 1969, c. 352, § 4-202, eff. July 1, 1969.