SECTION 160:75-9-1. Model consumer litigation funding agreement

(a)   Publication and usage. The Administrator may publish a model consumer litigation funding agreement for utilization by a consumer litigation funder. A consumer litigation funder may, but is not required to, utilize a model consumer litigation funding agreement for consumer litigation funding transactions in the State of Oklahoma. A model consumer litigation funding agreement published by the Administrator shall also be published as an appendix to the rules of this chapter.

(b)   Presumption of compliance. The utilization of a model consumer litigation funding agreement published as an appendix to the rules of this chapter shall create a presumption that a consumer litigation funder has provided the required disclosures of the Consumer Litigation Funding Act.

[Source: Added at 32 Ok Reg 1673, eff 9-11-15]