§ 172. Oklahoma Student Borrower's Bill of Rights
Oklahoma Statutes AnnotatedTitle 24. Debtor and CreditorEffective: November 1, 2021 to October 31, 2023
Effective: November 1, 2021 to October 31, 2023
24 Okl.St.Ann. § 172
§ 172. Oklahoma Student Borrower's Bill of Rights
A. The Attorney General shall prepare a written statement that includes an “Oklahoma Student Borrower's Bill of Rights” for a student loan borrower who takes out a student education loan that is serviced by a student loan servicer. The statement shall incorporate all items from subsection B of this section and be made available to the public and written in plain language designed to be easily understood by the average student loan borrower.
2. Engage in any unfair or deceptive practice toward any person or misrepresent or omit any material information in connection with the servicing of a student education loan including, but not limited to, misrepresenting the amount, nature or terms of any fee or payment due or claimed to be due on a student education loan, the terms and conditions of the loan agreement or the borrower's obligations under the loan;
7. Refuse to communicate with an authorized representative of the student loan borrower who provides a written authorization signed by the student loan borrower, provided the student loan servicer may adopt procedures reasonably related to verifying that the representative is in fact authorized to act on behalf of the student loan borrower;
Credits
Laws 2021, c. 272, § 3, eff. Nov. 1, 2021.
24 Okl. St. Ann. § 172, OK ST T. 24 § 172
Current with emergency effective legislation through Chapter 90 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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