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Oklahoma Fair Debt Collection Practices Act

Oklahoma Fair Debt Collection Statute

Oklahoma Fair Debt Collection Practices Act OK ST §14A-5-107. Extortionate extensions of credit.

(1) If it is the understanding of the creditor and the debtor at the time an extension of credit is made that delay in making repayment or failure to make repayment could result in the use of violence or other criminal means to cause harm to the person, reputation, or property of any person, the repayment of the extension of credit is unenforceable through civil judicial processes against the debtor.

(2) If it is shown that an extension of credit was made at an annual rate exceeding forty five percent (45%) calculated according to the actuarial method and that the creditor then had a reputation for the use or threat of use of violence or other criminal means to cause harm to the person, reputation, or property of any person to collect extensions of credit or to punish the non-repayment thereof, there is prima facie evidence that the extension of credit was unenforceable under subsection (1), unless such rate was otherwise lawful under any provision or provisions of this act.

Added by Laws 1969, c. 352, § 5-107, eff. July 1, 1969.

2 comments

  1. Research this date shows a lien filed in against my property in another county. I have received no paperwork from this court in support of this lien and I have no supporting paperwork showing I signed for whatever the debt of $3999 is for. How do I receive copies of the supporting documents to this claim?

    Your assistance in this matter is greatly appreciated.

    Connie Dubnick, 5/3/2015

    • Contact the clerk of the court in the county the judgment was entered and obtain a full copy of the court file. This will include a proof of service and more information about the debt, then give us a call. We’re happy to have an attorney licensed in your state review the facts- if they have violated your rights, we may be able to recover a damage award.

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