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OK SB522

Bill

Status

Introduced

2/7/2011

Primary Sponsor

Brian Crain

Click for details

Origin

Senate

2011 Regular Session

AI Summary

  • Amends 12 O.S. 2001, Section 706 relating to judgment liens on real estate in Oklahoma counties.

  • Specifies that a Statement of Judgment must be filed with the county clerk to create a lien, replacing automatic lien creation upon judgment entry.

  • Establishes that for mortgage foreclosure judgments under Section 686, the filing date of the Statement of Judgment determines priority among lien holders, and post-judgment deficiency orders do not require separate filing or affect lien priority.

  • Updates terminology and procedural language related to judgment index entries, judgment creditor information, and release procedures.

  • Becomes effective November 1, 2011.

Legislative Description

Judgments; specifying purpose for filing certain statement. Effective date.

Property

Last Action

Second Reading referred to Judiciary

2/8/2011

Committee Referrals

Judiciary2/8/2011

Full Bill Text

No bill text available