{"data":{"id":"us-ok/okla.-stat.-tit.-24-24-172","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 24, § 24-172","heading":"Oklahoma Student Borrower's Bill of Rights","body":"A. The Attorney General shall prepare a written statement that\n\nincludes an \"Oklahoma Student Borrower's Bill of Rights\" for a\n\nstudent loan borrower who takes out a student education loan that is\n\nserviced by a student loan servicer. The statement shall\n\nincorporate all items from subsection B of this section and be made\n\navailable to the public and written in plain language designed to be\n\neasily understood by the average student loan borrower.\n\nB. No student loan servicer shall:\n\n1. Directly or indirectly employ any scheme, device or artifice\n\nto defraud or mislead student loan borrowers;\n\n2. Engage in any unfair or deceptive practice toward any person\n\nor misrepresent or omit any material information in connection with\n\nthe servicing of a student education loan including, but not limited\n\nto, misrepresenting the amount, nature or terms of any fee or\n\npayment due or claimed to be due on a student education loan, the\n\nterms and conditions of the loan agreement or the borrower's\n\nobligations under the loan;\n\n3. Obtain property by fraud or misrepresentation;\n\n4. Incorrectly apply or fail to apply student education loan\n\npayments to the outstanding balance of a student education loan;\n\n5. Provide inaccurate information to a credit bureau, thereby\n\nharming a student loan borrower's creditworthiness;\n\n6. Fail to report both the favorable and unfavorable payment\n\nhistory of the student loan borrower to a nationally recognized\n\nconsumer credit bureau at least annually if the student loan\n\nservicer regularly reports information to a credit bureau, except in\n\nthe case of loan rehabilitation;\n\n7. Refuse to communicate with an authorized representative of\n\nthe student loan borrower who provides a written authorization\n\nsigned by the student loan borrower, provided the student loan\n\nservicer may adopt procedures reasonably related to verifying that\n\nthe representative is in fact authorized to act on behalf of the\n\nstudent loan borrower;\n\n8. Make any false statement or misrepresentation by omission of\n\na material fact in connection with any information or reports filed\n\nwith a governmental agency or in connection with any investigation\n\nconducted by a governmental agency;\n\n9. Fail to inform borrowers of the federal income repayment\n\noptions before offering deferment or forbearance as an option; or\n\n10. Fail to inform student loan borrowers if their type of loan\n\ndoes not qualify for loan forgiveness programs.","path":["OK Code","Title 24"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os24.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"5b1d8332ab4df3fa201649c390eaf91efa750edc2858208de0e4fe470ebc1e92","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-24-24-171","next":"us-ok/okla.-stat.-tit.-24-24-18"},"notice":"GroundRules: Original legal text. Not legal advice."}