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OK HB4301

Bill

Status

Engrossed

3/12/2026

Primary Sponsor

Jason Blair

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Attorney General must enforce federal requirements (38 C.F.R. Section 36.4303(k)) that earnest money paid by U.S. veterans or active duty military to escrow or title companies be returned when a property appraises below the contract price

  • Violations carry a civil penalty of $500 per occurrence, with proceeds going to the Attorney General's Law Enforcement Revolving Fund

  • Amends 74 O.S. 2021, Section 19.1 to add civil penalties from this act as a funding source for the Attorney General's Law Enforcement Revolving Fund

  • Effective date: November 1, 2026

Legislative Description

Protection of veterans; requiring Attorney General to enforce provisions of federal law related to payments made to escrow or title companies in certain real estate transactions; effective date.

Last Action

First Reading

3/12/2026

Committee Referrals

Appropriations and Budget General Government Subcommittee2/3/2026
Appropriations and Budget2/3/2026

Full Bill Text

No bill text available