Bill > HB4154

This bill amends existing Oklahoma law, specifically Section 1501 of Title 21, which deals with penalties for falsely obtaining personal property, cash, loans, or credit. The key change is that the act of making false written statements about financial ability to obtain these things, or procuring them based on such false statements, will now be classified as a felony instead of a misdemeanor. This means the punishment will be more severe, with potential imprisonment in the custody of the Department of Corrections for up to two years, a fine of at least $2,500, or both, a significant increase from the previous maximum of six months in county jail and a $500 fine. The bill also specifies an effective date of November 1, 2026.

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb4154&Session=2600