Bill > SB925

This bill addresses title theft by establishing new legal provisions to protect property owners and penalize fraudulent property-related activities. The bill allows victims of title theft to file a notice of fraudulent conveyance with the county clerk, which serves as a public warning about potentially illegal property transfers. The notice must include an accurate description of the affected real property and will be recorded similarly to a deed, with the county clerk required to forward a copy to the district attorney for potential investigation. The bill defines title theft as intentionally altering, falsifying, or misrepresenting property documents with the intent to deceive or defraud, or taking ownership of property through fraudulent means. Offenders can face significant criminal penalties, including felony charges with potential prison sentences of up to three or ten years, depending on the severity of the offense, and fines up to $5,000. Additionally, courts will be required to order restitution to the victim, and county clerks must post signage warning about the illegality of filing fraudulent property documents. The law is set to take effect on November 1, 2025, providing a comprehensive framework to combat property title fraud and protect property owners' rights.

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http://www.oklegislature.gov/BillInfo.aspx?Bill=sb925&Session=2600