Oklahoma Statutes
§ 14A-1-107 — Waiver - Agreement to forego rights - Settlement of
Oklahoma·Title 14A Consumer Credit Code
claims.
(1)Except as otherwise provided in this act, a buyer, lessee or debtor may not waive or agree to forego rights or benefits under this act.
(2)A claim by a buyer, lessee, or debtor against a creditor for an excess charge, other violation of this act, or civil penalty, or a claim against a buyer, lessee, or debtor for default or breach of a duty imposed by this act, if disputed in good faith, may be settled by agreement.
(3)A claim, whether or not disputed, against a buyer, lessee or debtor may be settled for less value than the amount claimed.
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Legislative History
Added by Laws 1969, c. 352, § 1-107, eff. July 1, 1969.
Nearby Sections
15
§ 14A-1-101
Short title.§ 14A-1-102
Purposes - Rules of construction.§ 14A-1-104
Construction against implicit repeal.§ 14A-1-105
Repealed§ 14A-1-108
Effect of act on powers of organizations.§ 14A-1-110
Use of cash discounts.§ 14A-1-111
Location of amendments.§ 14A-1-201
Territorial application.§ 14A-1-201A
Extraterritorial application.§ 14A-1-202
Exclusions.§ 14A-1-301
General definitions.