Consumer Litigation Funder
STATUTE: 14A O.S. 3-801-817 (Click "next section" on each page to advance)
Oklahoma Administrative Code: Title 160 (Click link and select "VIEW CODE", then Title 160 Department of Consumer Credit)
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.
Click here to download the application and instructions.
PREREQUISITES: The business must have a $50,000 surety bond or irrevocable letter of credit.