Property; definitions; hedge fund; single-family residential property; divestment; effective date.

HB 1064 defines a "hedge fund" as an investment entity focused on high-return equity investments (excluding pension funds, banks, and other financial institutions whose main business isn't equity investing). The bill prohibits hedge funds and their subsidiaries from acquiring single-family residential properties in Oklahoma. It also requires hedge funds already owning such properties as of November 1, 2025, to sell them within 10 years - without selling to another hedge fund or subsidiary. The law aims to limit hedge fund ownership of residential housing by restricting new acquisitions and mandating divestment of existing holdings.