§ 3-407

Okla. Stat. tit. 14A, § 3-407

Authorization to Confess Judgment Prohibited

Effective Jul 1, 1969Laws 1969, HB 1001, c. 352, § 3-407, emerg. eff. July 1, 1969.

A debtor may not authorize any person to confess judgment on a claim arising out of a consumer loan. An authorization in violation of this section is void.

Laws 1969, HB 1001, c. 352, § 3-407, emerg. eff. July 1, 1969.