Oklahoma § 14A-3-814 Prohibited activities or conduct.

Oklahoma Statutes

§ 14A-3-814 — Prohibited activities or conduct.

Oklahoma·Title 14A Consumer Credit Code

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 suc

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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, or b. 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; or 8. 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.

Oklahoma § 14A-3-814 (Prohibited activities or conduct.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.