Section 1-107 - Waiver - Agreement to forego rights - Settlement of claims(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.Okla. Stat. tit. 14A, § 1-107
Added by Laws 1969, c. 352, § 1-107, eff. 7/1/1969.