Oklahoma HB1392 modifies the county treasurer fee for mortgage certification and sets an effective date.
Oklahoma HB1392 amends the county treasurer fee for mortgage certification. It levies a tax on real estate mortgages based on the duration of the mortgage, ranging from ten cents per hundred dollars for mortgages of five years or more, to six cents per hundred dollars for mortgages of three years or more but less than four years. Additionally, it imposes a fee of ten dollars on each mortgage presented for certification, with the collected fees deposited into a "County Treasurer's Mortgage Certification Fee Account." The act becomes effective November 1, 2025.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.