Certificates of title; modifying certain time limit that pertains to perfection of security interest. Effective date. Emergency.

The deadline for a secured party to deliver a lien entry form and fee to Service Oklahoma was reduced from 60 days to 45 days after the lien entry form date.

The fee retained by a licensed operator for recording a security interest lien was increased from $2.00 to $2.50, while the total fee paid by the applicant remains $10.00.

Clarified that the filing and duration provisions of Title 12A of the Oklahoma Statutes do not apply to vehicles for which a certificate of title may be properly issued by Service Oklahoma.

Updated the header and introductory text to reflect the document as the 'House of Representatives - Floor Version' and 'Committee Substitute for Engrossed Senate Bill No. 527'.

The legislative action changed from 'amending' the existing statute to 'repealing' it and providing a new effective date, likely to correct citation errors or reset the statutory framework.

Page reference numbers and formatting markers were updated to match the new document structure, ensuring the text aligns correctly with the official record.

The citation for the prior amendment was updated from Chapter 452 to Chapter 323, reflecting a change in the legislative history or correcting a reference to a different bill.

Updated the document header to change the status from 'Enrolled Senate' to 'Committee Substitute for Engrossed Senate Bill No. 527' and adjusted the session year from 2024 to 2025.

Reformatted the layout of the statutory text, specifically adding line breaks and spacing within Section 1110 to improve readability without altering the legal content.

The deadline for a secured party to deliver lien documents to the state was reduced from 60 days to 45 days.

The fee structure was clarified to specify that the licensed operator retains the $2.00 portion of the $10.00 recording fee.

References to repealed sections of the Oklahoma Statutes were removed to clean up the legal text.

A new provision prohibits licensed operators from transferring a vehicle title if an active commercial lender lien is present, with specific exceptions.

The deadline for perfecting a security interest on a vehicle title was extended from 25 days to 60 days for most cases, though a 25-day deadline remains for vehicles held by dealers for sale or lease.

The fee for recording a security interest lien remains $10, but the amount retained by the licensed operator for recording increased from $2 to $2 (no change in retention amount, but the text was clarified and restructured).

Clarified definitions for 'dealer' and 'security interest' referencing existing state statutes to ensure consistent application.

Updated requirements for surrendering certificates of title and delivering lien entry forms to align with the new 60-day timeline.

Removed previous House amendment formatting and replaced it with the official Senate bill structure.

The time limit for a secured party to file a lien entry form and pay fees was reduced from sixty (60) days to forty-five (45) days.

The summary of the act was updated to include 'modifying provisions related to mailing of certain release' and 'repealing 47 O.S. 2021, Section 1110... which relates to perfection of security interest'.

The principal House author was changed from Representative Bashore to Representative Harris.