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2021 Oklahoma Statutes
Title 14A. Consumer Credit Code
§14A-1-107. Waiver - Agreement to forego rights - Settlement of claims.
Universal Citation:
14A OK Stat § 14A-1-107 (2021)
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(1) Except as otherwise provided in this act, a buyer, lessee or debtor may not waive or agree to forego rights or benefits under this act.
(2) A claim by a buyer, lessee, or debtor against a creditor for an excess charge, other violation of this act, or civil penalty, or a claim against a buyer, lessee, or debtor for default or breach of a duty imposed by this act, if disputed in good faith, may be settled by agreement.
(3) A claim, whether or not disputed, against a buyer, lessee or debtor may be settled for less value than the amount claimed.
Added by Laws 1969, c. 352, § 1-107, eff. July 1, 1969.
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