Okla. Stat. tit. 14A, § 14A-3-814: Prohibited activities or conduct
Where this section sits in the code
- OK Code
- 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