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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 14A, § 14A-3-704: Restrictions on private educational lenders

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Where this section sits in the code
  1. OK Code
  2. Title 14A

(1) A private educational lender may not use the name, emblem,

mascot, or logo of the covered educational institution, or other

words, pictures, or symbols readily identified with the covered

educational institution, in the marketing of private education loans

in any way that implies that the covered educational institution

endorses the private education loans offered by the private

educational lender.

(2) Any person who is employed in the financial aid office of a

covered educational institution, or who otherwise has

responsibilities with respect to private education loans or other

financial aid of the institution, and who serves on an advisory

board, commission, or group established by a private educational

lender or group of such lenders shall be prohibited from receiving

anything of value from the private educational lender or group of

lenders. Nothing in this subsection prohibits the reimbursement of

reasonable expenses incurred by an employee of a covered educational

institution as part of their service on an advisory board,

commission, or group described in this subsection.

(3) It shall be unlawful for any private educational lender to

impose a fee or penalty on a borrower for early repayment or

prepayment of any private education loan.

(4) An institution of higher education shall publicly disclose

any contract or other agreement made with a card issuer or creditor

for the purpose of marketing a credit card.

(5) No card issuer or creditor may offer to a student at an

institution of higher education any tangible item to induce such

student to apply for or participate in an open-end consumer credit

plan offered by such card issuer or creditor, if such offer is made:

(a) on the campus of an institution of higher education;

(b) near the campus of an institution of higher education,

as determined by rule of the Administrator; or

(c) at an event sponsored by or related to an institution

of higher education.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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