§ 41. Scope of act
Oklahoma Statutes AnnotatedTitle 46. Mortgages
46 Okl.St.Ann. § 41
§ 41. Scope of act
The Oklahoma Power of Sale Mortgage Foreclosure Act shall not apply to:
1. A landlord's lien unless the parties agree in writing that this act1 applies;
5. A lien created or regulated and subject to an enforcement procedure specifically applicable to it under another statute of this state, such as the lien for the unpaid share of common expenses regulated by Section 524 of Title 60 of the Oklahoma Statutes, unless the parties agree in writing that this act applies;
6. A mortgage securing an extension of credit made primarily for an agricultural purpose as defined in paragraph 4 of Section 1-301 of Title 14A of the Oklahoma Statutes where the mortgagor is either a natural person or a farm or ranching business corporation as defined in Section 951 of Title 18 of the Oklahoma Statutes; and
7. A mortgage on the mortgagor's homestead if, after the notice of sale is given to the mortgagor pursuant to subsection B of Section 6 of this act, the mortgagor elects judicial foreclosure in compliance with the provisions of subparagraphs b and c of paragraph 2 of subsection A of Section 4 of this act.2
Credits
Laws 1986, c. 319, § 2, eff. Nov. 1, 1986.
46 Okl. St. Ann. § 41, OK ST T. 46 § 41
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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