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 prospective assignee of a financial obligation owed by the consumer to that person or entity in conjunction with the proposed purchase of the financial obligation, with which the consumer has or had prior to assignment an account or contract including a demand deposit account, or to whom the consumer issued a negotiable instrument, for the purposes of reviewing the account or collecting the financial obligation owed for the account, contract, or negotiable instrument. For purposes of this paragraph, "reviewing the account" includes activities related to account maintenance, monitoring, credit line increases, and account upgrades and enhancements;
2. A subsidiary, affiliate, agent, assignee, or prospective assignee of a person to whom access has been granted for purposes of facilitating the extension of credit or other permissible use;
3. Any state or local agency, law enforcement agency, trial court, or private collection agency acting pursuant to a court order, warrant, or subpoena;
4. A child support agency acting pursuant to Title IV-D of the Social Security Act;
5. The state or its agents or assigns acting to investigate fraud or acting to investigate or collect delinquent taxes or unpaid court orders or to fulfill any of its other statutory responsibilities, provided such responsibilities are consistent with a permissible purpose under Section 1681b of Title 15 of the United States Code;
6. The use of credit information for the purposes of prescreening as provided for by the federal Fair Credit Reporting Act;
7. Any person or entity administering a credit file monitoring subscription or similar service to which the consumer has subscribed;
8. Any person or entity for the purpose of providing a consumer with a copy of his or her consumer report or credit score upon the request of the consumer; or
9. Any person using the information in connection with the underwriting of insurance.
Added by Laws 2006, c. 283, § 7, eff. Jan. 1, 2007.
Structure Oklahoma Statutes
§24-3. Fraud only invalidates contracts of debtor.
§24-4. Alternative right to several funds.
§24-11. Preferences permitted.
§24-12. Fraudulent debts - When due.
§24-13. Insurance on life of debtor - Conditions.
§24-14. Insurance on life of debtor - Penalties.
§24-15. Debt pooling - Prohibition.
§24-16. Debt pooling - Definition.
§24-17. Debt pooling - Penalties.
§24-18. Debt pooling - Application of act.
§24-31. Allowable, when - Preference, effect of.
§24-33. Subsisting liabilities.
§24-34. Assignments void in certain cases.
§24-35. Assignment to be in writing and signed - Acknowledgment, proof and certification.
§24-36. Void unless made as prescribed.
§24-38. Inventory, necessity and requisites of.
§24-40. Record of assignment and inventory - Place of filing - Nonresidents.
§24-41. More than one assignor - Recording assignment - Filing inventory - Nonresidents.
§24-42. Time of recording - Effect of failure to record within time specified.
§24-45. Authority of assignee begins, when.
§24-47. Exempt property and life insurance do not pass - Exception.
§24-48. Compensation of assignee.
§24-49. Good faith protects assignee.
§24-50. Cancellation or modification of assignment - Assent of creditor affected.
§24-81. Persons furnishing ratings to request statement of assets and liabilities.
§24-82. Copy of opinion furnished person to whom it relates.
§24-83. False credit information or false rating - Penalty - Damages.
§24-84. Person rated may see rate book - Penalty.
§24-85. False credit statement.
§24-86. Restrictions on inclusion of tax lien information in credit report or rating.
§24-114. Tests for determining insolvency.
§24-116. Transfers fraudulent to creditors.
§24-118. Tests for determining when transfer is made or obligation incurred.
§24-120. Voidable and nonvoidable transfers - Creditor's remedies and limitations thereon.
§24-121. Limitation of actions.
§24-122. Supplementary principles of law and equity.
§24-123. Application and construction of act.
§24-134. Exemption from bond and trust account provisions - Responsibility for employees or agents.
§24-135. Information statement - Written statement required.
§24-136. Information statement - Contents.
§24-137. Contracts - Contents - Form for "Notice of Cancellation" - Copies.
§24-138. Waivers - Burden of proof - Violations and jurisdiction - Enforcement of rights.
§24-139. Action for damages - Remedies not exclusive.
§24-140. Rules and regulations.
§24-141. License required – Extensions of credit in compliance with law.
§24-142. Application for license - Resident agent.
§24-143. Fees - Administrator's investigation - Issuance or denial of license.
§24-144. Licenses - Contents - Display - Number - Term - Annual fee.
§24-145. Administrative hearing - Suspension, revocation or surrender of license.
§24-146. Investigation and examination of books and records.
§24-148. Request of consumer report – Notice to subject of report.
§24-152. Requests to temporarily lift freeze - Time for compliance - Request procedures.
§24-154. Removal of freeze by consumer request - Identification required.
§24-156. Fees - Written notice of changes.
§24-157. Entities not required to place security freeze.
§24-159. Failure to comply - Use of false pretenses - Penalties.
§24-163. Duty to disclose breach.
§24-164. Notice procedures deemed in compliance.
§24-165. Enforcement – Civil penalty limitation.
§24-170. Short title - Oklahoma Student Borrower's Bill of Rights Act.