Okla. Stat. tit. 14A, § 14A-3-807: Disclosures

DISCLOSURES.

A. A consumer litigation funding agreement shall contain the

disclosures required by this section. The disclosures shall be

clear and conspicuous and in at least twelve-point bold type, except

as provided by subsection F of this section.

B. On the front page of the agreement under appropriate

headings, the agreement shall disclose:

1. The funded amount to be paid to the consumer by the consumer

litigation funder;

2. An itemization of one-time charges;

3. The total amount to be assigned by the consumer to the

funder, including the funded amount and all charges; and

4. A payment schedule that:

a. includes the funded amount and charges, and

b. lists all dates and the amount due at the end of each

one-hundred-eighty-day period from the funding date

until the due date of the maximum amount due to the

funder by the consumer to satisfy the amount owed

under the agreement.

C. Pursuant to the requirements set forth in this act, the

agreement shall contain the following statement: "CONSUMER'S RIGHT

TO CANCELLATION: You may cancel this agreement without penalty or

further obligation within five business days after the funding date

if you either:

1. Return to the consumer litigation funder the full amount of

the disbursed funds by delivering the funder's uncashed check to the

funder's office in person; or

2. Send, by insured, certified, or registered United States

mail, to the funder at the address specified in the agreement, a

notice of cancellation and include in the mailing a return of the

full amount of disbursed funds in the form of the funder's uncashed

check or a registered or certified check or money order."

D. The agreement shall disclose that:

1. The consumer litigation funder may not participate in

deciding whether, when, or the amount for which a legal claim is

settled;

2. The funder may not interfere with the independent

professional judgment of the attorney handling the legal claim or

any settlement of the legal claim; and

3. The consumer shall notify the funder of the settlement or

adjudication of the legal claim before the resolution date.

E. The agreement shall contain in all capital letters the

following text within a box: "THE FUNDED AMOUNT AND AGREED TO

CHARGES SHALL BE PAID ONLY FROM THE PROCEEDS OF YOUR LEGAL CLAIM,

AND SHALL BE PAID ONLY TO THE EXTENT THAT THERE ARE AVAILABLE

PROCEEDS FROM YOUR LEGAL CLAIM. YOU WILL NOT OWE (INSERT NAME OF

THE CONSUMER LITIGATION FUNDER) ANYTHING IF THERE ARE NO PROCEEDS

FROM YOUR LEGAL CLAIM, UNLESS YOU HAVE VIOLATED ANY MATERIAL TERM OF

THIS AGREEMENT OR YOU HAVE COMMITTED FRAUD AGAINST THE CONSUMER

LITIGATION FUNDER."

F. Immediately above the line for the consumer's signature, the

agreement shall contain the following disclosure in twelve-point

type: "Do not sign this agreement before you read it completely or

if it contains any blank spaces. You are entitled to a completed

copy of the agreement. Before you sign this agreement, you should

obtain the advice of an attorney. Depending on the circumstances,

you may want to consult a tax, public or private benefits planning,

or financial professional.