§ 837. Remedies
Oklahoma Statutes AnnotatedTitle 60. Property
60 Okl.St.Ann. § 837
§ 837. Remedies
B. The sole and exclusive civil remedy at common law or otherwise for a failure under subsection A of this section by the seller or the real estate licensee shall be an action for actual damages, including the cost of repairing the defect, suffered by the purchaser as a result of a defect existing in the property as of the date of acceptance by the seller of an offer to purchase and shall not include the remedy of exemplary damages.
F. This act applies to, regulates and determines rights, duties, obligations and remedies at common law or otherwise of the seller, the real estate licensee and the purchaser with respect to disclosure of defects in property and supplants and abrogates all common law liability, rights, duties, obligations and remedies therefore.
Credits
Laws 1994, c. 198, § 7, eff. July 1, 1995; Laws 2003, c. 52, § 2, eff. Nov. 1, 2003.
60 Okl. St. Ann. § 837, OK ST T. 60 § 837
Current with emergency effective legislation through Chapter 3 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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