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§ 3107. Nonpayment on account--Collection practices

Oklahoma Statutes AnnotatedTitle 59. Professions and Occupations

Oklahoma Statutes Annotated
Title 59. Professions and Occupations (Refs & Annos)
Chapter 57. Deferred Deposit Lending Act
59 Okl.St.Ann. § 3107
§ 3107. Nonpayment on account--Collection practices
Currentness
A. A lender shall collect past-due accounts in a professional, fair and lawful manner, in accordance with the federal Fair Debt Collection Practices Act.1
B. A lender shall not threaten or pursue criminal action against a debtor as a result of the debtor's instrument being returned unpaid or the debtor's deferred deposit loan account not being paid.
C. A debtor shall not be subject to any criminal penalty if an instrument is dishonored.

Credits

Laws 2003, c. 240, § 7, eff. Sept. 1, 2003.

Footnotes

1
15 U.S.C.A. § 1692 et seq.
59 Okl. St. Ann. § 3107, OK ST T. 59 § 3107
Current with emergency effective legislation through Chapter 182 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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