Oklahoma SB974 regulates online auctions, prohibiting buyer's premiums and certain purchases, and authorizes online auction marketplaces.
Oklahoma SB974 amends existing statutes to regulate online auctions. It prohibits charging buyer's premiums for online auction services, mandates certain non-electric options for bidders, and authorizes the use of online auction marketplaces for sales conducted by sheriffs. The bill also prohibits purchases by certain individuals, including sheriffs, appraisers, and online auction marketplace employees.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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