HB4352

Oklahoma Uniform Mortgage Modification Act establishes rules for modifying mortgages in Oklahoma.

The Oklahoma Uniform Mortgage Modification Act defines terms and sets rules for modifying mortgages in Oklahoma. It applies to changes in mortgage terms, such as extending maturity dates or modifying interest rates. The act ensures that mortgage modifications do not affect the mortgage's priority or security interest. It also clarifies that the act does not modify federal electronic signatures law and applies to modifications made after its effective date of November 1, 2026.