§ 42. Definitions
Oklahoma Statutes AnnotatedTitle 46. Mortgages
46 Okl.St.Ann. § 42
§ 42. Definitions
As used in this act:1
2. “Homestead” means the property that constitutes the mortgagor's homestead according to the provisions of Section 1 of Article XII of the Oklahoma Constitution and statutes enacted pursuant thereto determined at the time the mortgagor makes any election under subsection A of Section 43 of this title;
5. “Mortgagor” means all persons who to the knowledge of the mortgagee owe payment or other performance of the obligation secured by the mortgage, and, for the purpose of receipt of notice, includes a surety, guarantor or co-signer, but if the mortgagor and the owner of the real estate are not the same person, the term means the owner of the real estate, the obligor, or both as the context requires;
Credits
Laws 1986, c. 319, § 3, eff. Nov. 1, 1986; Laws 1987, c. 107, § 2, eff. Nov. 1, 1987.
Footnotes
Title 46, § 40 et seq.
46 Okl. St. Ann. § 42, OK ST T. 46 § 42
Current with emergency effective legislation through Chapter 90 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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