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.
Okla. Stat. tit. 59, § 3107
Nonpayment on account - Collection practices
Added by Laws 2003, c. 240, § 7, eff
Official source: Oklahoma Legislature. Reproduced from public-domain Oklahoma statutes; confirm against the official source for the current text. Not legal advice.