Oklahoma Statutes (Last Updated: September 18, 2014)

§ 14A-3-815. Violation of act.

Latest version.

VIOLATION OF ACT.
A. If a court finds that a consumer litigation funder has not been properly licensed pursuant to this act or has intentionally violated this act 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 shall have the authority to assess an administrative penalty pursuant to the provisions of the Uniform Consumer Credit Code against a person who knowingly and willfully violates or causes a violation of this act or a rule adopted under this act.

Added by Laws 2013, c. 386, § 15, eff. Nov. 1, 2013.

Note

NOTE: Editorially renumbered from Title 14A, § 3-715 to avoid a duplication in numbering.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');