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OK HB1490

Bill

Official Source

Status

Introduced

2/4/2013

Primary Sponsor

Mike Ritze

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

HB 1490 Summary

  • Amends 42 O.S. 2011, Section 16 to modify the priority of mortgage liens on real property

  • Grants builders who construct structures on real property first priority over all other lienholders, except mortgage liens given for the price of the property at time of conveyance

  • Builder's lien priority is subject to the operation of recording laws

  • Effective November 1, 2013

Legislative Description

Liens; granting builder who constructs a structure upon real property first priority over all other lienholders; effective date.

Professions and Occupations

Last Action

Second Reading referred to Judiciary

2/5/2013

Committee Referrals

Judiciary2/5/2013

Full Bill Text

No bill text available