§40-2-615. Waiver of interest.

151 words·~1 min read·/ok/title-40-labor/40-2-615

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Any interest, or any portion thereof, that accrues pursuant to the provisions of Section 2-613 of Title 40 of the Oklahoma Statutes, may be waived by the Oklahoma Employment Security Commission provided the failure of the claimant to remit payment at the time a determination of overpayment was made:

1. Is explained to the satisfaction of the Commission;

2. Resulted from a mistake by the claimant of either the law or the facts concerning the repayment of overpayment benefits; or

3. Was caused by insolvency of the claimant. No waiver of interest shall be granted unless a request for waiver is filed with the Commission within a three-year period from the date the interest accrued. No waiver of interest shall be granted to a claimant if it is determined that the claimant received an overpayment of benefits through fraud.

Added by Laws 2002, c. 452, § 14, eff. Nov. 1, 2002.