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OK HB2639
Bill
Status
2/1/2016
Primary Sponsor
Kevin Wallace
Click for details
AI Summary
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Creates a voluntary Construction Registry administered by the Secretary of State for commercial construction projects, excluding residential projects of four or fewer dwelling units
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Requires owners or general contractors to register projects within 10 business days of contract signing or construction start; providers must then register to preserve lien and bond rights or forfeit those rights
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Provider registration preserves lien rights for activity up to 60 days prior to registration through project completion and eliminates the pre-lien notice requirement under existing law
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Establishes maximum fees of $10 for project registration, $5 for provider registration, $2 for additional entity registrations, and $10 for non-registered party reviews
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Creates the Oklahoma Construction Registry Revolving Fund in the State Treasury to fund implementation and administration, with an effective date of July 1, 2017
Legislative Description
Liens; creating the Oklahoma Construction Registry Act; effective date.
Last Action
Second Reading referred to Business, Labor and Retirement Laws
2/2/2016