Loading chat...
OK HB2264
Bill
Status
2/3/2025
Primary Sponsor
Nicole Miller
Click for details
AI Summary
-
Amends Oklahoma law to expand owners association lien authority to include any obligations arising after the initial lien filing, including future levies or assessments that remain unpaid.
-
Allows owners associations to collect debts by filing a district court action where the property is located, with prevailing parties entitled to recover reasonable attorney fees fixed by the court.
-
Establishes different outcomes for court judgments: if a lien was filed and the association wins, the judgment supersedes the lien; if no lien was filed and the association wins, the judgment becomes a judgment lien; if owners win, judgment costs become the association's obligation to pay through levies on all members except the prevailing party.
-
Permits foreclosure on liens or judgment liens after the third anniversary of filing, only if amounts remain owed, using the same procedures as mortgage or deed of trust foreclosures.
-
Takes effect November 1, 2025.
Legislative Description
Property; owners associations; liens; obligations; filings; effective date.
Last Action
CR; Do Pass, amended by committee substitute Rules Committee
3/6/2025