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OK SB1965

Bill

Status

Introduced

2/2/2026

Primary Sponsor

Jack Stewart

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • 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

  • Allows property owners to request removal of a fraudulent MOA by filing a sworn affidavit affirming the contract's invalidity

  • 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

  • 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

  • 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

Committee Referrals

Judiciary2/3/2026

Full Bill Text

No bill text available