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OK SB1965
Bill
Status
2/2/2026
Primary Sponsor
Jack Stewart
Click for details
AI Summary
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Requires persons filing a memorandum of agreement (MOA) with a county clerk to provide a fully executed real estate contract or option agreement, a complete legal description with purchase price, and a sworn affidavit affirming the contract's validity and good faith filing
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Allows property owners to request removal of a fraudulent MOA by filing a sworn affidavit affirming the contract's invalidity
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County clerks must notify MOA filers when a property owner challenges the filing and remove the MOA if proof of validity is not provided within 15 days
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Creates a misdemeanor offense for knowingly filing a fraudulent or unsupported MOA, punishable by up to 1 year in county jail, a fine up to $1,000, or both
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Property owners may recover actual and punitive damages, including lost sale value, attorney fees, and costs; effective November 1, 2026
Legislative Description
Conveyances; requiring certain documentation when filing a memorandum of agreement. Effective date.
Last Action
Second Reading referred to Judiciary
2/3/2026