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OK SB798
Bill
AI Summary
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Authorizes courts to issue orders protecting and preserving abandoned or vacated mortgaged properties during foreclosure proceedings upon motion by the plaintiff/mortgagee.
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Requires sheriffs to inspect properties within 3 days of receiving a written request, determine occupancy status, and post hearing notices or serve occupants; authorizes sheriffs to charge up to $150 for inspection services.
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Establishes notice requirements including posting on the property, service on occupants, and optional publication in a newspaper twice in the 15 days before the hearing; posting is deemed proper notice to all parties.
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Allows courts to grant protective orders if the defendant/mortgagor fails to appear or cannot demonstrate they are occupying the property or willing to maintain it; failure to comply with court orders is contempt of court.
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Effective November 1, 2011.
Legislative Description
Mortgaged property; remedy for abandoned property. Effective date.
Property
Last Action
Approved by Governor 05/26/2011
5/26/2011