OK HB1176

Adds a new form of exploitation to Oklahoma law: knowingly seeking out or soliciting the purchase of residential property from an elderly person (age 62+) or disabled adult at less than 70% of actual market value.

Includes within the exploitation definition those who enter into a purchase contract at below 70% market value and then sell the contract rights to another buyer.

Establishes felony penalties based on property value: up to 15 years imprisonment and $10,000 fine if funds/assets/property involved are valued at $100,000 or more; up to 10 years imprisonment and $10,000 fine if valued at less than $100,000.

Applies existing exploitation law definitions that already cover deception, intimidation, and lack of capacity to consent in financial transactions with elderly or disabled persons.

Takes effect November 1, 2025.