On Apr. 23, OKL LEG passed bill on service agreements, prohibitions.
OKL LEG passed bill HB 3318, to enact Prohibition of unfair service agreements act.
Adds new Section 301 of Title 16 in the Oklahoma Statutes as OKL LEG 16-310.
Bill Provisions
If a service agreement is deemed unfair under the act, it is unenforceable; no person shall record or cause to be recorded an unfair service agreement or notice or memo.
County clerk's office shall refuse to accept for recordation an unfair service agreement.
If county clerk accidentally records unfair service agreement, shall incur no liability.
If unfair service agreement is recorded, person with interest in the property may apply to court where record exists to record court order declaring agreement unenforceable.
Person with interest in real property may recover such actual damages, costs, attorney fees as may be proven against the service provider who recorded the agreement.
Legislative History
On Feb. 5, 2024, bill introduced in Senate; on Mar. 7, 2024, bill was passed Senate.
On Mar. 11, 2024, bill introduced in House; on Apr. 22, 2024, bill was passed in House.
On Apr. 23, 2024 bill returned to House; on Apr. 23, bill sent to governor for action.
Effectiveness
Bill provisions become effective on Nov. 1, 2024.
Apr. 26, 2024 OKL LEG Governor Approval
On Apr. 26, 2024, OKL LEG governor approved bill HB 3318, effective on Nov. 1, 2024.
Regulators
OKL LEG
Entity Types
CNSM; Corp; MG Orig
Reference
Bill, 4/26/2024; Bill, HB3318, 4/23/2024; Citation: OKL LEG 16;
