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

Okla. Stat. tit. 14A, § 14A-3-814: Prohibited activities or conduct

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  1. OK Code
  2. Title 14A

PROHIBITED ACTIVITIES OR CONDUCT.

A consumer litigation funder may not:

1. Pay or offer to pay a commission, referral fee, or other

form of consideration to an attorney, law firm, medical provider,

chiropractor, or physical therapist or an employee of such a person

for referring a consumer to the funder;

2. Accept any commission, referral fee, rebate, or other form

of consideration from an attorney, law firm, medical provider,

chiropractor, or physical therapist or an employee of such a person;

3. Intentionally advertise materially false or misleading

information about the funder's products or services;

4. Refer, to further an initial legal funding, a customer or

potential customer to a specific attorney, law firm, medical

provider, chiropractor, or physical therapist or an employee of such

a person, except that the funder may refer a customer or potential

customer who needs legal representation to a local or state bar

association referral service;

5. Fail to promptly supply a copy of the executed agreement to

the consumer's attorney;

6. Knowingly provide funding to a consumer who has previously

assigned or sold a portion of the consumer's right to proceeds from

the consumer's legal claim without first paying to or purchasing

from a previously unsatisfied consumer litigation funder that

funder's entire funded amount and charges due under that funder's

applicable agreement, unless:

a. a lesser amount is otherwise agreed to in writing by

the consumer litigation funders, or

b. multiple funders have agreed to concurrently provide

funding to a consumer, if the consumer consents to the

arrangement in writing;

7. Make a decision relating to the conduct, settlement, or

resolution of the underlying legal claim, the power of which shall

remain solely with the consumer and the attorney handling the legal

claim; or

8. Knowingly pay or offer to pay, using funds from the

litigation funding transaction, court costs, filing fees, or

attorneys' fees during or after the resolution of the legal claim.

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

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