§ 16. Debt pooling--Definition
Oklahoma Statutes AnnotatedTitle 24. Debtor and Creditor
24 Okl.St.Ann. § 16
§ 16. Debt pooling--Definition
Debt pooling is defined as making a contract with a particular debtor whereby the debtor agrees to pay a sum or sums of money periodically to the person engaged in the debt pooling who shall distribute the same among certain specified creditors in accordance with a plan agreed upon and the debtor further agrees to pay such person any valuable consideration for such services or for any other services rendered in connection therewith.
Credits
Laws 1957, p. 161, § 2, eff. June 4, 1957.
24 Okl. St. Ann. § 16, OK ST T. 24 § 16
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
| End of Document |