SB527

Oklahoma SB527 modifies the time limit for perfecting security interests in vehicles and manufactured homes.

Oklahoma SB527 amends the perfection of security interest provisions for vehicles and manufactured homes. It modifies the time limit for perfecting a security interest in a vehicle from 25 days to 60 days. It also updates the statutory language to clarify the process for perfecting security interests, including the duties of the secured party and the requirements for releasing a security interest. The bill declares an emergency, making it effective immediately upon passage and approval.