Tag Archive: "Oklahoma"
-
Oklahoma Enacts Remote Online Notary Act
The Act lays out remote online notarization procedures, explains the use of electronic signatures and seals, and sets remote notary fees. These provisions become effective on January 1, 2020.
-
Oklahoma Publishes Notice Regarding Changes in Dollar Amounts
The Oklahoma Department of Consumer Credit has published its annual changes in dollar amounts for 2019.
-
Oklahoma Consumer Loans and Supervised Lenders
Oklahoma Modifies Provisions Regarding Consumer Loans The state of Oklahoma has recently passed House Bill 1151, regarding convenience fees on consumer loan payments. These provisions are effective on November 1, 2018. The new provisions state that, in addition to the typical loan finance charges permitted by statute, a lender may also charge a “convenience fee” […]
-
Oklahoma Publishes Notice Regarding Changes in Dollar Amounts
The Oklahoma Department of Consumer Credit has published its annual changes in dollar amounts for 2018. The revised dollar amounts are effective on July 1, 2018, unless otherwise noted in the chart.
-
Oklahoma Amends Provisions under Consumer Credit Code
The state of Oklahoma has recently enacted Senate Bill No. 467 regarding the Consumer Credit Code and the Department of Consumer Credit, with an effective date of July 1, 2018.
-
Oklahoma Revises Mortgage Holder Release Requirements
By Brian Castine Although multiple updates across various statutes occurred in Bill NO. 3201, the following pertains to mortgage holder release requirements. The State of Oklahoma has reduced the number of days that the mortgagee is afforded to release a mortgage without incurring a penalty. The mortgage must now be released by the holder within […]
-
Oklahoma Adds Provisions Regarding Title Insurance
By Zachary Pearlstein, J.D.Effective November 1, 2015, the State of Oklahoma has updated its regulations concerning title insurance. The new provisions allow title insurance companies to execute and record certain records. When a mortgagee fails to execute and deliver a release of mortgage to the mortgagor (or designated agent) within 60 days of the receipt […]
-
Oklahoma Amends Provisions Regarding Consumer Credit
by: Lee Greenberg The state of Oklahoma recently amended provisions regarding consumer credit in House Bill 3346. The new law is effective July 1, 2014. Under the law, a seller or lessor is required to disclose information required by the Federal Consumer Credit Protection Act to a buyer to whom credit is extended or lessee with […]
-
Oklahoma Modifies SAFE Act Provisions
by: Paul McSheffrey Changes are effective November 1, 2013 The Oklahoma legislature has recently updated certain provisions of 59 O.S. 2011, its Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act). The changes come through Enrolled House Bill No. 1828. The Bill has several additions as well as numbering and formatting changes. A definition […]
-
Oklahoma Adopts Provisions Regarding Truth in Lending Rules
by: Lee GreenbergThe state of Oklahoma recently adopted several provisions that incorporate federal changes to Regulation Z for purposes of maintaining Oklahoma’s exemption from federal enforcement of the consumer credit disclosure provisions of the Truth in Lending Act and Regulation Z. The legislation implements enhanced mortgage disclosure requirements which were incorporated into the Uniform Consumer […]