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OK HB2526

OK HB2526
Mortgages; Oklahoma Mortgages Act of 2025; effective date.


summary

Introduced
02/03/2025
In Committee
02/04/2025
Crossed Over
Passed
Dead

Introduced Session

2025 Regular Session

Bill Summary

An Act relating to mortgages; creating the Oklahoma Mortgages Act of 2025; providing for noncodification; and providing an effective date.

AI Summary

This bill establishes the Oklahoma Mortgages Act of 2025, which is primarily a procedural legislative measure that creates a new piece of legislation related to mortgages in Oklahoma. The bill simply names the act and sets its effective date as November 1, 2025. Unlike more substantive bills that might detail specific mortgage regulations or rights, this appears to be a foundational or framework piece of legislation that does not modify existing statutes in detail. The bill is not intended to be codified in the Oklahoma Statutes, which suggests it may be a preliminary or administrative act that sets the stage for future, more specific mortgage-related regulations. The primary purpose seems to be formally introducing and naming this new mortgage-related legislative initiative, with the actual details and implications to be developed in subsequent legislation or rulemaking.

Sponsors (1)

Last Action

Second Reading referred to Rules (on 02/04/2025)

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