Title 24 — Title 24 — Debtor and Creditor

Confirmation of freeze and identification number - Disclosures. A. A consumer may request that a security freeze be placed on his or her consumer report by sending a request in writing by certified mail to a consumer reporting agency at an address designated by the consumer repor…

- Request procedures. A. If the consumer wishes to allow his or her consumer report to be accessed for a specific period of time while a freeze is in place, he or she shall contact the consumer reporting agency using a method of contact designated by the consumer reporting agency…

to consumer - Third party requests. A. A consumer reporting agency shall remove or temporarily lift a freeze placed on the consumer report of a consumer only in the following cases: 1. Upon consumer request, pursuant to Sections 4 and 6 of this act; or 2. If the consumer report o…

required. A. A security freeze shall remain in place until the consumer requests, using a method of contact designated by the consumer reporting agency, that the security freeze be removed. A consumer reporting agency shall remove a security freeze within three (3) business days …

The provisions of this act do not apply to the use of a consumer credit report by any of the following: 1. A person or entity, or a subsidiary, affiliate, or agent of that person or entity, or an assignee of a financial obligation owed by the consumer to that person or entity, or…

A. This act does not prevent a consumer reporting agency from charging a fee of no more than Ten Dollars ($10.00) to a consumer for each freeze, removal of the freeze, or temporary lifting of the freeze for a period of time, regarding access to a consumer credit report. B. A cons…

The following entities are not required to place a security freeze on a consumer report: 1. A consumer reporting agency that acts only as a reseller of credit information by assembling and merging information contained in the database of another consumer reporting agency or multi…

At any time a consumer is required to receive a summary of rights required under Section 1681g of Title 15 of the United States Code, the following notice shall be included: “Oklahoma Consumers Have the Right to Obtain a Security Freeze. You have a right to place a “security free…

A. Any person who willfully fails to comply with any requirement imposed under the provisions of this act with respect to any consumer is liable to that consumer in an amount equal to the sum of: 1. Any actual damages sustained by the consumer; and 2. In the case of any successfu…

Debt pooling is defined as making a contract with a particular debtor whereby the debtor agrees to pay a sum or sums of money periodically to the person engaged in the debt pooling who shall distribute the same among certain specified creditors in accordance with a plan agreed up…

This act shall be known and may be cited as the “Security Breach Notification Act”. Added by Laws 2008, c. 86, § 1, eff. Nov. 1, 2008.

As used in the Security Breach Notification Act: 1. “Breach of the security of a system” means the unauthorized access and acquisition of unencrypted and unredacted computerized data that compromises the security or confidentiality of personal information maintained by an individ…

A. An individual or entity that owns or licenses computerized data that includes personal information shall provide notice of any breach of the security of the system following determination or notification of the breach of the security of the system to any resident of this state…

A. An individual or entity that maintains its own notification procedures as part of an information privacy or security policy for the treatment of personal information and that are consistent with the timing requirements of the Security Breach Notification Act shall be deemed to…

A. A violation of the Security Breach Notification Act that results in injury or loss to residents of this state may be enforced by the Attorney General or a district attorney in the same manner as an unlawful practice under the Oklahoma Consumer Protection Act. B. Except as prov…

The Security Breach Notification Act shall apply to the determination or notification of a breach of the security of the system that occurs on or after January 1, 2026. Added by Laws 2008, c. 86, § 6, eff. Nov. 1, 2008. Amended by Laws 2025, c. 406, § 5, eff. Jan. 1, 2026.

Any person, firm, company or corporation violating any of the provisions of this act shall be guilty of a misdemeanor and upon conviction thereof shall be fined not less than One Hundred Dollars ($100.00) nor more than Five Hundred Dollars ($500.00), or by imprisonment in the cou…

Act. This act shall be known and may be cited as the "Oklahoma Student Borrower's Bill of Rights Act". Added by Laws 2021, c. 272, § 1, eff. Nov. 1, 2021.

As used in the Oklahoma Student Borrower's Bill of Rights Act: 1. "Guarantor" means a nonprofit or state organization that works with a lender, servicer, school and the U.S. Department of Education to help students successfully repay certain federal student loans; 2. "Student loa…

A. The Attorney General shall prepare a written statement that includes an "Oklahoma Student Borrower's Bill of Rights" for a student loan borrower who takes out a student education loan that is serviced by a student loan servicer. The statement shall incorporate all items from s…

The provisions of this act shall not apply to any retail merchants' trade association, nonprofit association formed for the purpose of collecting accounts and exchanging credit information, bankruptcy actions filed pursuant to the Federal Bankruptcy Act or acts of duly licensed a…

A creditor, within the meaning of this chapter, is one in whose favor an obligation exists, by reason of which he is, or may become, entitled to the payment of money. R.L. 1910, § 2893.

In the absence of fraud, every contract of a debtor is valid against all his creditors, existing or subsequent, who have not acquired a lien on the property affected by such contract. R.L. 1910, § 2894.

An insolvent debtor may, in good faith, execute an assignment of property to one or more assignees, in trust towards the satisfaction of his creditors, in conformity to the provisions of this chapter; subject, however, to the provisions of the law relative to trusts and to fraudu…

A debtor is insolvent, within the meaning of this chapter, when he is unable to pay his debts from his own means as they become due. R.L. 1910, § 215.

An assignment for the benefit of creditors may provide for any subsisting liability of the assignor which he might lawfully pay, whether absolute or contingent. R.L. 1910, § 216.

An assignment for the benefit of creditors is void against any creditor of the assignor not assenting thereto, in the following cases: 1. If it tend to coerce any creditor to release or compromise his demand. 2. If it provide for the payment of any claim known to the assignor to …

proof and certification. An assignment for the benefit of creditors must be in writing, subscribed by the assignor, or by his agent, thereto authorized in writing. It must be acknowledged, or proved and certified, in the mode prescribed by Sections 223 and 224. R.L. 1910, § 218.

Unless the provisions of the last sections are complied with, an assignment for the benefit of creditors is void against every creditor of the assignor not assenting thereto. R.L. 1910, § 219.

An assignee for the benefit of creditors is not to be regarded as a purchaser for value, and has no greater rights than his assignor had, in respect to things in action transferred by the assignment. R.L. 1910, § 220.

Within twenty (20) days after an assignment is made for the benefit of creditors, the assignor must make and file in the manner prescribed by Section 223 a full and true inventory, showing: 1. All the creditors of the assignor; 2. The place of residence of each creditor, if known…

An affidavit must be made by every person executing an assignment for the benefit of creditors, to be annexed to and filed with the inventory mentioned in the last section, to effect that the same is in all respects just and true, according to the best of the assignor's knowledge…

Where a creditor is entitled to resort to each of several funds for the satisfaction of his claim, and another person has an interest in or is entitled as a creditor to resort to some but not all of them, the latter may require the former to seek satisfaction from those funds to …

Nonresidents. An assignment for the benefit of creditors must be recorded, and the inventory required by Section 221 filed with the register of deeds of the county in which the assignor resided at the date of the assignment; or, if he did not then reside in this state, with the l…

inventory - Nonresidents. If an assignment for the benefit of creditors is executed by more than one assignor, it must be recorded, and a copy of the inventory required by Section 221 must be filed with the register of deeds of every county in which any of the assignors resided a…

specified. An assignment for the benefit of creditors is void against creditors of the assignor, and against purchasers and encumbrancers in good faith and for value, if the assignment is not recorded, and the inventory required by Section 221 filed, pursuant to Section 223, with…

Where an assignment for the benefit of creditors embraces real property, it is subject to the provisions of all laws relating to the acknowledgment and recording of transfers of real property, as well as those of this chapter. R.L. 1910, § 226.

Within thirty (30) days after the date of an assignment for the benefit of creditors the assignee must enter into a bond to the state, with sufficient sureties, the amount of said bond to be named and approved by the judge of the district court of the county in which the original…

Until the inventory and affidavit required by Sections 221 and 222 have been made, and the assignment has been duly recorded and the inventory filed, and the assignee has given a bond as required by the last section, an assignee for the benefit of creditors has no authority to di…

court - Removal or discharge - Bankruptcy proceedings. After the lapse of six (6) months from the date of filing his bond the assignee, on motion of any one of the creditors, with ten (10) days' notice, accompanied by an affidavit of the creditor, his agent or attorney, setting f…

Property exempt from execution and insurances upon the life of the assignor do not pass to the assignee by a general assignment for the benefit of the creditors, unless the instrument specially mentions them, and declares an intention that they should pass thereby. R.L. 1910, § 2…

In the absence of any provision in the assignment to the contrary, an assignee for the benefit of creditors is entitled to the same commissions as are allowed by law to executors and guardians; but the assignment cannot grant more and may restrict the commissions to a less amount…

An assignee for the benefit of creditors is not to be held liable for his acts done in good faith in the execution of the trust merely for the reason that the assignment is afterwards adjudged void. R.L. 1910, § 232.

24 O.S. § 5 Repealed by Laws 1986, c. 100, § 13, eff. Nov. 1, 1986

creditor affected. An assignment for the benefit of creditors, which has been executed and recorded so as to transfer the property to the assignee, cannot afterward be canceled or modified by the parties thereto, without the consent of every creditor affected thereby. R.L. 1910, …

24 O.S. § 6 Repealed by Laws 1986, c. 100, § 13, eff. Nov. 1, 1986

24 O.S. § 7 Repealed by Laws 1986, c. 100, § 13, eff. Nov. 1, 1986

24 O.S. § 71 Repealed by Laws 1961, p. 181, § 10-102

24 O.S. § 72 Repealed by Laws 1961, p. 181, § 10-102

24 O.S. § 73 Repealed by Laws 1961, p. 181, § 10-102