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OK SB747
Bill
AI Summary
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Sheriffs may conduct sales of goods, chattels, lands, and tenements through online auction marketplaces at their discretion
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Online auction notices must include the Internet address for bidding, sale date, and scheduled bidding time, with written notice mailed at least 10 days prior to sale
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No buyer's premium may be charged to buyers; online auction marketplace fees and costs are capped at $425 per confirmed sale
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Online auction marketplaces must provide a nonelectronic bidding option for participants
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Sheriffs, officers, appraisers, online marketplace employees, and their relatives within the third degree are prohibited from purchasing property at these sales; any such purchase is void
Legislative Description
Sheriff auctions; online auctions; prohibiting charging of buyer's premium; requiring certain nonelectronic option for bidders; collection of payments; fees. Emergency.
Last Action
Becomes law without Governor's signature 05/28/2025
5/28/2025