Okla. Stat. tit. 59, § 3107 – Manner of Collection For Past-Due Accounts | Midpage
§ 3107
Okla. Stat. tit. 59, § 3107
Manner of Collection For Past-Due Accounts
A. A lender shall collect past-due accounts in a professional, fair and lawful manner, in accordance with the federal Fair Debt Collection Practices Act. B. A lender shall not threaten or pursue criminal action against a debtor as a result of the debtor’s instrument being returned unpaid or the debtor’s deferred deposit loan account not being paid. C. A debtor shall not be subject to any criminal penalty if an instrument is dishonored. Historical Data Laws 2003, SB 583, c. 240, § 7, eff. September 1, 2003.