Prohibition on gifts – Revenue sharing.

  1. Law
  2. Oklahoma Statutes
  3. Consumer Credit Code
  4. Prohibition on gifts – Revenue sharing.

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A private educational lender may not, directly or indirectly:

  • (a)offer or provide any gift to a covered educational institution in exchange for any advantage or consideration provided to such private educational lender related to its private educational loan activities; or
  • (b)engage in revenue sharing with a covered educational institution.

Added by Laws 2013, c. 99, § 9, eff. July 1, 2013.


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