Oklahoma Statutes

§ 14A-3-805 — Form of agreement - Requirement of existing legal

Oklahoma·Title 14A Consumer Credit Code

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; and 3. 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; or 2. 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.

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Legislative History

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.

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