HB 4192 Oklahoma House · 2026 Regular Session

Real property; title; parcels; definitions; exclusions; effective date.

HB 4192 limits corporate ownership of residential real estate in Oklahoma by prohibiting most businesses (like corporations or LLCs) from acquiring more than 50 parcels of land with single-family homes or similar residential improvements. The bill exempts individuals, entities already owning property before the law takes effect (November 1, 2026), and businesses constructing new housing or leasing existing residential properties. It does not apply to properties owned by entities for non-residential purposes or those held prior to the effective date. The law aims to restrict large-scale corporate ownership of residential land while allowing typical housing development and leasing activities.

Issues: ✓ Housing

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2026

Committee Review

Floor Vote

Governor

Introduced Feb 2, 2026 Last action Feb 3, 2026

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What changed between versions

Introduced → Proposed Policy Committee Substitute 1 · 4 edits

MODERATE

This bill was amended by the Policy Committee to restructure its language and expand the scope of restrictions on property ownership. The original bill prohibited certain legal entities from owning more than 50 parcels of residential real property. The amended version increases this threshold to 100 parcels and adds new definitions to clarify which entities are restricted, including investment companies, hedge funds, and foreign-owned entities.

Scope change

The bill's scope was expanded by increasing the property ownership threshold from 50 to 100 parcels and adding specific definitions for restricted entities, including investment companies, hedge funds, and foreign-owned entities.

THRESHOLDS

Increased the maximum number of residential parcels a restricted entity can own from 50 to 100.

DEFINITION

Added new definitions for 'restricted entity' to include investment companies, hedge funds, and foreign-owned entities with non-US ownership.

ELIGIBILITY

Expanded eligibility criteria to explicitly exclude entities formed under foreign laws where majority ownership is held by non-US persons or entities.

TECHNICAL

Reformatted the bill text from 'As Introduced' to 'Proposed Policy Committee Substitute' with updated section numbering and codification references.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 3, 2026

Committee

Referred to Civil Judiciary

lower

Feb 2, 2026

Introduced

First Reading

lower

1 primary · 0 co-sponsors