Okla. Admin. Code § 160:75-9-1

Current through Vol. 42, No. 4, November 1, 2024

Section 160:75-9-1 - Model consumer litigation funding agreement

(a)Publication and usage. The Administrator may publish a model consumer litigation funding agreement for utilization by a consumer litigation funder. A consumer litigation funder may, but is not required to, utilize a model consumer litigation funding agreement for consumer litigation funding transactions in the State of Oklahoma. A model consumer litigation funding agreement published by the Administrator shall also be published as an appendix to the rules of this chapter.

(b)Presumption of compliance. The utilization of a model consumer litigation funding agreement published as an appendix to the rules of this chapter shall create a presumption that a consumer litigation funder has provided the required disclosures of the Consumer Litigation Funding Act.

Adopted by Oklahoma Register, Volume 32, Issue 24, September 1, 2015, eff. 9/11/2015