HB2736 Summary

• Amends 16 O.S. 2011, Section 4 to modify homestead conveyance requirements relating to deeds, mortgages, and contracts affecting homestead property.

• Reduces the recording period required for a deed to become valid without the spouse's signature from 10 years to 1 year, effective November 1, 2014.

• Changes the reference date from May 25, 1953 to November 1, 2014 for calculating when the 1-year recording period begins.

• Allows deeds affecting homestead to become valid after recorded for 1 year without spousal signature, provided no action to cancel or invalidate the deed is filed during that period.