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§ 493. One year deferment on certain foreclosure actions

Oklahoma Statutes AnnotatedTitle 62. Public Finance

Oklahoma Statutes Annotated
Title 62. Public Finance (Refs & Annos)
Chapter 2. Subdivisions of State
Farm Credit System (Refs & Annos)
62 Okl.St.Ann. § 493
§ 493. One year deferment on certain foreclosure actions
Currentness
There is hereby declared a period of deferment of not longer than one (1) year from the date of the enactment of this act,1 during which time the Federal Land Bank of Wichita and any Federal Land Bank Association are prohibited from initiating a foreclosure action in the courts of this state. However, nothing in this act shall prohibit the Capital Corporation from initiating a foreclosure action from and after this date so long as the Capital Corporation has determined that the loan or loans held by the borrower or borrowers are ineligible for restructuring assistance.

Credits

Laws 1986, c. 188, § 2, emerg. eff. May 21, 1986.

Footnotes

1
Sections 492 and 493 of this title.
62 Okl. St. Ann. § 493, OK ST T. 62 § 493
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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