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Consumer Litigation Funder

 


 

STATUTE: 14A O.S. 3-801-817  (Click "next section" on each page to advance)

DESCRIPTION: This license allows a person to enter into a consumer litigation funding agreement with a consumer.

TIME FRAME TO ISSUE: The approval process for this license requires up to 60 days to complete.

FEES: The fees for this license include a $290.00 license fee.

LICENSING RENEWAL: This license may be renewed by submitting documentation by December 1st 2015.

PREREQUISITES: The business must have a $50,000 surety bond or irrevocable letter of credit.