Oklahoma 2022 Regular Session

Oklahoma Senate Bill SB1526 Compare Versions

Version 1 (Old)

Version 2 (New)

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4		-	An Act
5		-	ENROLLED SENATE
	29	+	HOUSE OF REPRESENTATIVES - FLOOR VERSION
	30	+
	31	+	STATE OF OKLAHOMA
	32	+
	33	+	2nd Session of the 58th Legislature (2022)
	34	+
	35	+	ENGROSSED SENATE
6	36		BILL NO. 1526 By: Floyd of the Senate
7	37
8	38		and
9	39
10	40		Osburn of the House
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15	45		An Act relating to the Oklahoma Subdivided Lan d Sales
16	46		Code; amending 71 O.S. 2021, Sect ions 602, 625, 626,
17	47		627, 628, 631, 633, 642, 652, 655, 660, 662, 663, and
18	48		664, which relate to definitions, registration of
19	49		subdivided lands, licensing, liens, fees, violations,
20	50		rules, filing of documents , and service of process;
21	51		modifying definitions; modifying entity to receive
22	52		certain filings; decreasing number of require d copies
23	53		of certain statement; requiring inclu sion of
24	54		electronic mail and website addresses in certain
25	55		statements; modifying persons to file applic ation for
26	56		certain registration; modifying official authorized
27	57		to enter certain denial order; removing certain
28	58		licensing requirements; removing certain record
29	59		keeping requirements; pro hibiting offer or
30	60		disposition of lots by certain persons; deleting
31	61		certain licensing fees; modifying certain rec ord
32	62		keeping requirements for the Administrator of the
33	63		Department of Securities; conforming language;
34	64		updating statutory language; making language gender
35	65		neutral; repealing 71 O.S. 2021, Sections 632 and
36	66		634, which relate to application for license and
37	67		denial, revocation, or suspension of license; and
38	68		providing an effective d ate.
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43		-	SUBJECT: Modifying definitions relevant to the Oklahoma Subdivided
44		-	Land Sales Code
45		-
46	73		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
47	74
48		-	ENR. S. B. NO. 1526 Page 2
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50	101		SECTION 1. AMENDATORY 71 O.S. 2021, Section 602, is
51	102		amended to read as follows:
52		-
53	103		Section 602. In this Code, unless the context otherwise
54	104		requires;
55		-
56	105		1. "Administrator" means the Administrator of the Department of
57	106		Securities;
58		-
59	107		2. "Advertising" means:
60		-
61	108		a. any circular, prospectus, public of fering statement,
62	109		information, advertis ement or other material or
63	110		communication by radio, television, pictures,
64	111		newspapers, magazines or similar media material
65	112		published or designed for use in social media or a
66	113		newspaper, magazine, or other periodical, or f or
67	114		radio, television, telephone solicit ations or tape
68	115		recordings, videotaped displays, signs, billboards,
69	116		motion pictures, tele phone directories other than
70	117		routine listings, websites, other public medi a, and
71	118		any other written or electronic communication
72	119		distributed or made generally available t o customers
73	120		or the public and used in connection with a
74	121		disposition, an offer to dispose of, or any inducement
75	122		to any person to purchase or acquire an interest in
76	123		the title to any subdivided lands , including any
77	124		leasehold interest or land contract,
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79	152		b. any material used to induce prospective purchasers to
80	153		visit any subdivided lands or submit t o a presentation
81	154		by a subdivider or any of his the subdivider's
82	155		representatives or agents including but not limited to
83	156		websites, prospectuses, pamphlets, circulars, for m
84	157		letters, market letters, telemarketing scripts,
85	158		seminar texts, research reports, surve ys, performance
86	159		reports or summaries, and reprints or excerpts of any
87	160		other advertisement, sales literature , or published
88	161		material, and
89		-
90		-
91		-	ENR. S. B. NO. 1526 Page 3
92	162		c. the entire promotional plan f or the disposition of
93	163		subdivided lands, including promotional displays at
94	164		public or private events, parties, dinners, or other
95	165		meetings;
96		-
97	166		Advertising shall not mean stockholder communications including, but
98	167		not limited to, annual reports and interim financi al reports, proxy
99	168		materials, registration statements, securities prospectuse s, and
100	169		application for listing securities on stock exchanges;
101	170		communications addressed to and relating to the account of any
102	171		persons who have previously executed a contract for the acquisition
103	172		of any of the subdivider's lands except where directed to the
104	173		disposition of additional lands; press releases or other
105	174		communications delivered to newspapers or other periodicals for
106	175		general information or public relations purposes, provided n o charge
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107	203		is made by and nothing of value is given to such newspapers, their
108	204		employees or other periodicals for the publication or use of any
109	205		part of such communication;
110		-
111	206		3. "Agent" means any person who, directly or indi rectly,
112	207		disposes of, or offers to dis pose of, or advertises for disposition
113	208		any lot in a subdivision and includes a real estate salesman, broker
114	209		or subdivider so engaged;
115		-
116	210		4. "Blanket encumbrance" means any trust deed, mortgage,
117	211		judgment, lien or other fin ancial encumbrance securing or eviden cing
118	212		debt and affecting lands to be subdivided or affecting more than one
119	213		lot of subdivided land, and any agreement by which the subdivider
120	214		holds more than one lot under an option, contract or deed, contract
121	215		to purchase or trust agreement. Blanket encumbr ance shall not mean
122	216		a lien or other encumbrance arising as a result of the im position of
123	217		a tax assessed by a public authority so long as no portion thereof
124	218		is past due;
125		-
126	219		5. "Commission" means the Oklahoma Securities Com mission;
127		-
128	220		6. "Department" means the Department of Securities;
129		-
130	221		7. "Disposition" or "dispose of" means every sale, lease,
131	222		assignment, award by lottery, option, or excha nge of a lot and every
132	223		contract for, or contract to do, any of the foregoing for value, or
133	224		when given as an incident of any of the foregoing;
134		-
135		-	ENR. S. B. NO. 1526 Page 4
136		-
137	225		7. "License" means a subdivided land sales license as set forth
138	226		in Article III of this Code;
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140	254		8. "Lot" means any portion, parcel, piece, division, unit or
141	255		undivided interest in land if such int erest includes the right to
142	256		the exclusive use of a specified portion of the land;
143		-
144	257		9. "Notice" means a communication from the Administ rator.
145	258		Notice to a subdivider shall be dee med complete when personally
146	259		served upon him the subdivider or mailed to him the subdivider at
147	260		the last-known address on file with the Administrator;
148		-
149	261		10. "Offer" means any inducement, so licitation or attempt to
150	262		encourage a person to acquire an interest in a lot in a subdivision;
151		-
152	263		11. "Option" means, and is limited to, an offer to se ll or
153	264		purchase respecting which a consideratio n of not more than fifteen
154	265		percent (15%) of the total purchas e price is exchanged to gua rantee
155	266		that the offer will not be withdrawn or revoked for an agreed per iod
156	267		of time;
157		-
158	268		12. "Person" means an individual, co rporation, partnership,
159	269		association, joint sto ck company, or trust where the interests of
160	270		the beneficiaries are evidenced by a securit y, an unincorporated
161	271		organization, government, political subdivision of a government or
162	272		any other entity;
163		-
164	273		13. "Purchaser" means a person who acquires, attempts to
165	274		acquire, is solicited to acquire, or succeeds to any interest in a
166	275		lot in a subdivision, exc luding a security interest;
167		-
168	276		14. "Subdivision" and "subdivided land" means any land,
169	277		wherever located, whether improved or unimproved, contiguous or not,
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170	305		which is divided into lots or proposed to be divided for the purpose
171	306		of disposition pursuant to a comm on promotional scheme or plan of
172	307		advertising and disposition. If the lan d is designated or
173	308		advertised as a common unit or by a common name, the land shall be
174	309		presumed, without regard to the number of lots covered by each
175	310		individual offering, to be offered for disposition as part of a
176	311		common promotional plan. Where the context so requires, it shall
177	312		also include any lot in a subdivision and any interest therein; and
178		-
179		-	ENR. S. B. NO. 1526 Page 5
180		-
181	313		15. "Subdivider" means a person whose interest in subdivided
182	314		lands is advertised, offered , or disposed of by himself the
183	315		subdivider or another person.
184		-
185	316		SECTION 2. AMENDATORY 71 O.S. 2021, Section 625, is
186	317		amended to read as follows:
187		-
188	318		Section 625. Application for registration of subdivided land
189	319		shall be filed with the Admi nistrator in such form as the
190	320		Administrator may require. The application shall contain the
191	321		following information and shall be accompanied by the following
192	322		documents and exhibits, in addition to the information which may be
193	323		required by the Administrator pu rsuant to subsection E of Section
194	324		627 of this title, the consent to service of process required by
195	325		subsection A of Section 664 of this titl e, and the fees required by
196	326		Section 652 of this title. To the extent that the information
197	327		required below is included in filings submitted to and approved by
198	328		the Federal Office of Interstate Land Sales Registration Consumer
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199	356		Financial Protection Bureau , or its successors, such filing w ill be
200	357		accepted in lieu of a separate state filing:
201		-
202	358		1. The subdivider's name and address, form of business
203	359		organization, date and jurisdiction of its organization and name and
204	360		address of each of its offices and agents in this state;
205		-
206	361		2. The name, address , and principal occupation for the past
207	362		five (5) years of every director, officer or part ner of the
208	363		subdivider or other person occup ying a similar position or
209	364		performing similar functions, as well as for each owner of ten
210	365		percent (10%) or more of the equity of the subdivider; the extent
211	366		and nature of the interest of each of the foregoing perso ns in the
212	367		subdivider and in the subdivided lands as of a date specified by the
213	368		Administrator within thirty (30) days of filing of the application
214	369		for registration;
215		-
216	370		3. If any person named in paragraph 2 of this section has been
217	371		disciplined, debarred, censu red, or suspended by any governmental
218	372		body or agency or convicted by any court for violation of a federal,
219	373		state, or local law or regulation in connection with activiti es
220	374		relating to land sales, land investment, securities sales or
221	375		registration, constructi on or sale of homes or home improvements , or
222		-
223		-	ENR. S. B. NO. 1526 Page 6
224	376		any other similar or related activity, a summary of the facts
225	377		relating thereto;
226		-
227	378		4. If any person named in paragraph 2 of t his section has,
228	379		during the past thirteen (13) years, filed a petition in bankruptcy
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229	407		or has had an involuntary petition in bankrupt cy filed against him
230	408		the person, or has been an officer, director , or controlling person
231	409		of a business entity which has becom e insolvent or has voluntarily
232	410		or involuntarily filed in bankruptcy, a summary of the fa cts
233	411		relating thereto;
234		-
235	412		5. The states or jur isdictions in which a n application for
236	413		registration or similar document have been filed , including a copy
237	414		of any filing with the United States Securities and Exchange
238	415		Commission or Federal Office of Interstate Lan d Sales Registration
239	416		the Consumer Financial Protection Bureau or the successors of
240	417		either, and a copy of any adverse order, judgment, order permitting
241	418		withdrawal, or decree of any court or regulatory authority in
242	419		connection with the of fering of subdivided lands;
243		-
244	420		6. A legal description of the subdi vided lands and the recorded
245	421		plat thereof, together with a map showing the division proposed to
246	422		be made, the dimensions of th e lots, and the relation of the
247	423		subdivided lands to existing street s, roads, and other off-site
248	424		improvements, all verified by affid avit of an independent
249	425		professional land surveyor and a topograp hical map;
250		-
251	426		7. A statement in a form acceptable to the Admini strator of the
252	427		condition of title to the land comprising the lots in this offering
253	428		and any common areas or facilities related to or included in this
254	429		offering, including a description of all encum brances, easements,
255	430		covenants, conditions, reservations, limi tations, or restrictions
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256	458		applicable thereto. This requirement may be met by submission of
257	459		evidence of title in the form of a legal opinion, stating the
258	460		condition of title, prepared and signed by an attorney at law who is
259	461		experienced in the examination of titles, a member of the Bar
260	462		Association of the state in which the pro perty is located and who is
261	463		not a salaried employee, partner, officer, or director either of the
262	464		subdivider or of any of its age nts or affiliates; or by any other
263	465		evidence of title accept able to the Administrator;
264		-
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266		-	ENR. S. B. NO. 1526 Page 7
267	466		8. Copies of the instruments by which the subdivider's interest
268	467		in the subdivided land was acquired or, if required by the
269	468		Administrator, proof of marketable title to th e subdivided lands;
270		-
271	469		9. A statement and such additional ass urance as the
272	470		Administrator may require that the subdivider can convey or cause to
273	471		be conveyed to the purchaser, upon compliance wi th the terms of the
274	472		offer, the interest offered in the subdivided lands;
275		-
276	473		10. Copies of instruments which will be delivered t o the
277	474		purchaser to evidence his interest in the subdivided lands and
278	475		copies of the contracts or other agreements which a purchaser will
279	476		be required to agree to or sign in connection with the offer or
280	477		disposition, together with the range of selling prices, rates or
281	478		rentals at which it is proposed to dispose of the lots, and a list
282	479		of fees the purchaser may be required to pay for member ship in
283	480		groups including, but not limited to, homeowners ' associations,
284	481		country clubs, golf courses , and other community orga nizations
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285	509		associated with the subdivision, together with the descriptio n of
286	510		any qualifications for or restrictions on membership in any of the
287	511		foregoing;
288		-
289	512		11. A legal description of any lien or encu mbrance affecting
290	513		the subdivision or any portion thereof a nd a statement in a form
291	514		acceptable to the Administrator of the efforts made or to be made to
292	515		remove such lien or encumbrance and t he consequences to the
293	516		purchasers of the success or failure of the efforts to remove such
294	517		lien or encumbrance;
295		-
296	518		12. A summary of any easements or restrictions affecting any of
297	519		the subdivided lands and copies of any instruments creating,
298	520		altering, or removing such easements or restrictions;
299		-
300	521		13. Evidence and a statement the reof, in a form satisfactory to
301	522		the Administrator, indica ting compliance with the zoning and other
302	523		governmental laws, ordinances, and regulations affecting the use of
303	524		the subdivided lands and adjacent properties, together with dates of
304	525		the most recent zoni ng or jurisdictional changes, the nature
305	526		thereof, any proposed changes now pending or known to be
306	527		contemplated, and any existing or proposed taxes, special taxes,
307	528		assessments, or levies of a similar nature affecting any of the
308	529		subdivided land;
309		-
310		-	ENR. S. B. NO. 1526 Page 8
311		-
312	530		14. Evidence and a statement thereof, in a form satisfactory to
313	531		the Administrator, indicating compliance with the requirements of
314	532		federal, state and local governments or agencies or
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315	560		instrumentalities thereof which have authority to regulate or issue
316	561		permits or licenses which may have a material effect on the
317	562		subdivider's plans with respect to the proposed subdivision, its
318	563		facilities, common are as or improvements, specifically including
319	564		environmental protection agencies and required environmental impact
320	565		statements. If any permit, license, or approval of any of the
321	566		foregoing has been refused or conditioned, a summary of the reasons
322	567		therefor and the effect on the proposed subdivision shall also be
323	568		included;
324		-
325	569		15. A description of the land as it existed prior to any
326	570		changes in connection with the proposed subdivision and any cha nges
327	571		which have occurred or are contemplated in connection with the
328	572		proposed subdivision;
329		-
330	573		16. A statement, in a form suitable to t he Administrator, of
331	574		the existing provisions for access to the subdivi sion, the
332	575		availability of sewage disposal facilities an d other public
333	576		utilities including, but not limited to, water, electricity , gas and
334	577		telephone facilities, the proximity in miles of the subdivision to
335	578		nearby municipalities, the availability and scope of community fire
336	579		and police protection, the location o f primary and secondary
337	580		schools, the improvements installed or to be insta lled, including
338	581		off-site and on-site community and recrea tional facilities, the
339	582		persons who are to install, maintain and pay fo r such improvements,
340	583		and the estimated schedule for com pletion;
341	584
	585	+	SB1526 HFLR Page 12
	586	+	BOLD FACE denotes Committee Amendments. 1
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342	611		17. If required by the Administrator 's rule or order, a
343	612		performance or completion bond to assure that planned improvement s
344	613		will be completed, in a form suitable to the Administrator;
345		-
346	614		18. Such financial statements of the subdivider as the
347	615		Administrator may require;
348		-
349	616		19. A narrative description of the promotional plan f or the
350	617		disposition of the subdivided lands, together with duplicate copies
351	618		of all advertising material which has been prepared for public
352	619		distribution. The subject matter of adverti sing material which is
353		-
354		-	ENR. S. B. NO. 1526 Page 9
355	620		pictorial in nature shall be limited to a depiction of the actual
356	621		on-site conditions of the subdivided lands as of the date of the
357	622		filing of the material. No advertising shall b e used until a copy
358	623		thereof has been allowed for use by the Administrator or a person
359	624		authorized by the Administrator as provided in Section 653 of this
360	625		title;
361		-
362	626		20. Three copies One copy of the proposed public offering
363	627		statement prepared in accordance with Section 626 of this title; and
364		-
365	628		21. Such additional in formation or exhibits as the
366	629		Administrator may require.
367		-
368	630		Any of the items required u nder this section may be incorporated
369	631		in the application for registration by reference provided that such
370	632		item is contained in the public offering statement and the
371	633		Administrator so allows.
372	634
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	636	+	BOLD FACE denotes Committee Amendments. 1
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373	661		SECTION 3. AMENDATORY 71 O.S. 2021, Se ction 626, is
374	662		amended to read as follows:
375		-
376	663		Section 626. A. It shall be unlawful for a person to dispose
377	664		of an interest in subdivided land s, pursuant to a registration under
378	665		this Code, unless a current public offering statement is delivered
379	666		to the purchaser at th e expense of the subdivider or his the
380	667		subdivider's agent at least forty -eight (48) hours prior to any
381	668		sale, contract to sell or op tion to purchase and unless the
382	669		purchaser is afforded a reasonable opportunity to examine and is
383	670		permitted to retain the public offering statement. The subdivider
384	671		shall obtain and retain a receipt, signed by the purchaser,
385	672		acknowledging receipt of a copy of the public offering statement
386	673		prior to the execution by the purchaser of any contract or agre ement
387	674		for the disposition of any lot in a subdivision, which receipt shall
388	675		be kept in the files of the subdivider and be subject to inspection
389	676		by the Administrator for a period of three (3) years f rom the date
390	677		the receipt is taken.
391		-
392	678		B. A public offering st atement shall disclose fu lly and
393	679		accurately all material circumstances or features which affect the
394	680		subdivided lands or which would be a material consideration in
395	681		making the purchasing decision. The proposed public offering
396	682		statement shall be submitted to the Administrator as requ ired by
	683	+	paragraph 20 of Section 625 of this Code and shall be in such form
397	684
398		-	ENR. S. B. NO. 1526 Page 10
399		-	paragraph 20 of Section 625 of this Code and shall be in such form
	685	+	SB1526 HFLR Page 14
	686	+	BOLD FACE denotes Committee Amendments. 1
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	710	+
400	711		and contain such information as the Administrator by rule re quires,
401	712		including:
402		-
403	713		1. The name, principal address, electronic mail address,
404	714		website address, and telephone number of the su bdivider, his and the
405	715		subdivider's offices and agents in this state;
406		-
407	716		2. A general description of the subdivided lands including a
408	717		statement of the total number of lots to be offered;
409		-
410	718		3. A statement as to whether the subdivider holds any option to
411	719		purchase adjacent properties and, if so, a description of such
412	720		option and the location and zoning of the adjacent properties;
413		-
414	721		4. The assistance, if any, that the subdivider , his and the
415	722		subdivider's agents or affiliates will provide to the purchaser in
416	723		the resale of the property and the extent to which the subdivider,
417	724		his agents, or affiliates will be in competition in the event of
418	725		resale;
419		-
420	726		5. The material terms of any encumbr ances, easements, liens,
421	727		and restrictions including zoning and other regulations affecti ng
422	728		the subdivided lands and each unit or lot, the efforts t o remove
423	729		such liens or encumbrances, the results of the success or failur e
424	730		thereof, and all existing taxes an d existing or proposed special
425	731		taxes or assessments which affect the subdivided lands;
426		-
427	732		6. The use for which the property is to be offered;
428		-
429	733		7. Information concerning exist ing or proposed improvements
430	734		including, but not limited to, streets, water supply, l evees,
	735	+
	736	+	SB1526 HFLR Page 15
	737	+	BOLD FACE denotes Committee Amendments. 1
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	761	+
431	762		drainage control systems, irrigation systems, sewage disposal
432	763		systems and customary utilities and the estimated cost, date of
433	764		completion, and responsibility for const ruction and maintenance of
434	765		existing and propose d improvements which are referred to in
435	766		connection with the offering or disposition of any lot in subdivided
436	767		lands;
437		-
438	768		8. Such financial statements of the subdivider as the
439	769		Administrator may require;
440		-
441		-
442		-	ENR. S. B. NO. 1526 Page 11
443	770		9. The topographic and climatic characteristics of the
444	771		subdivided lands and adjacent area;
445		-
446	772		10. A statement of the existing provisions for access of the
447	773		subdivision to community fir e protection, the location of primary
448	774		and secondary schools, the proximity to municip alities and the
449	775		population thereof, the improve ments installed or to be installed ,
450	776		including off-site and on-site community and recreational
451	777		facilities, by whom they were or are to be installed, maintained or
452	778		paid for, and an estim ate of completion thereof ; and
453		-
454	779		11. Such additional information as may b e required by the
455	780		Administrator including any of the information contained in the
456	781		application for registration.
457		-
458	782		C. The public offering statement shall not be used for any
459	783		promotional purpose before registrati on of the subdivided lands and
460	784		afterwards it shall be used only in its entirety. I t shall be
461	785		unlawful for any person to advertise or represent that the
	786	+
	787	+	SB1526 HFLR Page 16
	788	+	BOLD FACE denotes Committee Amendments. 1
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	812	+
462	813		Administrator has approved or recommended the subdivided lands or a
463	814		disposition thereof. No portion of the public offering statement
464	815		may be underscored, italicized, or printed in larger or heavier or
465	816		different colored type than the remainder of the statement unless
466	817		required or approved by the Administrator.
467		-
468	818		D. The Administrator may require the subdivider o r his the
469	819		subdivider's agent to alter or amend the proposed public offering
470	820		statement in order to provide full and fair disclosure to
471	821		prospective purchasers.
472		-
473	822		SECTION 4. AMENDATORY 71 O.S. 2021, Section 627, is
474	823		amended to read as follows :
475		-
476	824		Section 627. A. Within ninety (90) days from the date of
477	825		filing a completed application for registration, the A dministrator
478	826		shall issue an order registering the subdivided lands or denying the
479	827		application for registration. If an order of denial is not issued
480	828		within ninety (90) days, the land shall be deemed registered unless
481	829		the applicant has consented to a delay or the application has been
482	830		withdrawn. If any am endment to the application for registration is
483	831		filed prior to the time when the land shall be deemed registered,
484		-
485		-	ENR. S. B. NO. 1526 Page 12
486	832		the application shall be deemed to have been filed when the
487	833		amendment was filed.
488		-
489	834		B. An application for registration may be filed by the
490	835		subdivider, or any other person on whose behalf the sales are to be
	836	+
	837	+	SB1526 HFLR Page 17
	838	+	BOLD FACE denotes Committee Amendments. 1
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	862	+
491	863		made, or a licensed subdivided land agent, but the Administrator may
492	864		require that it be executed by the su bdivider.
493		-
494	865		C. Any document filed under thi s Code within five (5) years
495	866		preceding the filing of an application for registration may be
496	867		incorporated by reference in the application for registration to the
497	868		extent that the document is currently accurate.
498		-
499	869		D. The Administrator may by rule or otherwise permit the
500	870		omission of any item of information or document from any application
501	871		for registration.
502		-
503	872		E. The Administrator may, as a condition of registration and at
504	873		the expense of the subdivider as specified in subse ction A of
505	874		Section 652 of this title, inve stigate any subdivision required to
506	875		be registered under this Code for the purpose of verifying
507	876		statements contained in the application for registration and for the
508	877		protection of prospective purchasers. For the pur poses of such
509	878		investigation, the Administr ator may:
510		-
511	879		1. Require that a report or opinion by an independent
512	880		accountant, engineer, appraiser or other expert be prepared and
513	881		filed;
514		-
515	882		2. Make an examination of the business and records of the
516	883		applicant or subdivider;
517		-
518	884		3. Use and rely on any relevant inf ormation or data concerning
519	885		a subdivision obtained by him the Administrator from any federal,
520	886		state or local government or agency thereof;
521	887
	888	+	SB1526 HFLR Page 18
	889	+	BOLD FACE denotes Committee Amendments. 1
	890	+	2
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	913	+
522	914		4. Conduct an on-site inspection of each subdivision;
523		-
524	915		5. Conduct an annua l on-site reinspection of each subdivision
525	916		for each of the three (3) years after the exp iration date of the
526	917		registration or any r enewal thereof;
527		-
528		-
529		-	ENR. S. B. NO. 1526 Page 13
530	918		6. Make on-site examinations or designate a representative to
531	919		make such examinations. Where additional techni cal, expert or
532	920		special services are used, the actual cost o f such services may be
533	921		charged directly to and shall be paid by the person subdivider being
534	922		examined; and
535		-
536	923		7. Where an on-site inspection of any subdivision has been made
537	924		under this Code, an inspec tion of adjacent subdivided lands for
538	925		which a subsequent application f or registration is filed may be
539	926		waived and an inspection thereof may be made at the time of the next
540	927		succeeding on-site inspection.
541		-
542	928		F. The Administrator may require that any subdivided lands be
543	929		sold by use of a specified form contract or agreement, and th at a
544	930		signed copy or conformed copy of such signed copy be filed with him
545	931		the Administrator or preserved by the subdivider for a period of up
546	932		to five (5) years.
547		-
548	933		G. The Administrator may by rule or otherwise impose other
549	934		conditions under which subdivided lands registered un der this Code
550	935		may be sold, provided such conditions are reasonable an d in the
551	936		public interest. The Administrator may require an escrow, trust or
552	937		similar arrangement to reasonably assure that all improvements
	938	+
	939	+	SB1526 HFLR Page 19
	940	+	BOLD FACE denotes Committee Amendments. 1
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	964	+
553	965		referred to in the application for registration will be completed
554	966		and that purchasers will receive the interests in land for which
555	967		they have contracted.
556		-
557	968		H. A registration is effective for one (1) year from its
558	969		effective date, or for such longer period as the Administrator may
559	970		permit by rule or order. No application for registration or
560	971		effective registration may be wit hdrawn at any time after its filing
561	972		unless permitted by rule or order of the Administrator. No
562	973		registration is effective during the time a stop order is in effect
563	974		under Section 628 of th is title.
564		-
565	975		I. During the effective period of a registration, the
566	976		Administrator may by rule or order require the person who filed the
567	977		application for registration to file reports, not more often than
568	978		quarterly, to keep reasonably current the information con tained in
569	979		the application for registration and to disclose the progre ss of the
570	980		sales. If any of the lands registered have been sold in this state,
571	981		the Administrator may by rule or order extend the period for filing
572		-
573		-	ENR. S. B. NO. 1526 Page 14
574	982		the reports for an additional period not exceeding two (2) years
575	983		from the date the registration became effect ive or the date of the
576	984		registration period's latest extension.
577		-
578	985		J. The subdivider or registrant shal l immediately report to the
579	986		Administrator any material changes in the information conta ined in
580	987		the application for registration.
	988	+
	989	+	SB1526 HFLR Page 20
	990	+	BOLD FACE denotes Committee Amendments. 1
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581	1014
582	1015		K. Upon the expiration of an effective registration, the
583	1016		Administrator may renew the registration for an additional period of
584	1017		one (1) year, provided the registrant is in compliance with this
585	1018		Code, files such repor ts and applications as the Administrator may
586	1019		require, and pays an ann ual renewal fee as required by Section 652
587	1020		of this title, which fee shall not exceed the original re gistration
588	1021		fee.
589		-
590	1022		SECTION 5. AMENDATORY 71 O.S. 2021, Section 62 8, is
591	1023		amended to read as follows:
592		-
593	1024		Section 628. A. The Administrator may issue a stop order
594	1025		denying effectiveness to, or suspending or revoking the
595	1026		effectiveness of, any registration if he or she finds that the order
596	1027		is in the public interest and that:
597		-
598	1028		1. The registration statement as of its effective date or any
599	1029		report under subsections I or J of Section 627 of this Code is
600	1030		incomplete in any material respect or contai ns any statement which
601	1031		was, in light of the c ircumstances under which it was made, false or
602	1032		misleading with respect to any material fact;
603		-
604	1033		2. Any provision of this Code or any rule, order , or condition
605	1034		lawfully imposed under this Code has been willfully vi olated in
606	1035		connection with the offer or disposi tion of subdivided lands by the
607	1036		person filing the registration statement, by the subdivider, any
608	1037		partner, officer or director of the subdivider, by any person
609	1038		occupying a similar status or performing similar fu nctions, by any
	1039	+
	1040	+	SB1526 HFLR Page 21
	1041	+	BOLD FACE denotes Committee Amendments. 1
	1042	+	2
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	1065	+
610	1066		person directly or indirectly controlling or controlled by the
611	1067		subdivider, or by any subdivided land sales agent or other person
612	1068		involved directly or indirectly in the offer or disposition of
613	1069		subdivided lands;
614		-
615		-
616		-	ENR. S. B. NO. 1526 Page 15
617	1070		3. The subdivided lands are t he subject of an administrative
618	1071		stop order or similar order or a permanent or temporary injunction
619	1072		of any court of competent jurisdiction entered unde r any federal or
620	1073		state act applicable to the offer or disposition of the subdivided
621	1074		lands. Provided, that however, the Administrator may not institute
622	1075		a proceeding against an effective registra tion statement under this
623	1076		paragraph more than one (1) year fro m the date of the order or
624	1077		injunction relied on, and he or she may not enter an order under
625	1078		this paragraph on the basis of an order or injunction entered under
626	1079		any other state or federal act unl ess that order or injunction was
627	1080		based on facts which would cu rrently constitute a ground for a stop
628	1081		order under this section;
629		-
630	1082		4. The subdivider's enterprise or method of business includes
631	1083		or would include activities which are il legal where performed;
632		-
633	1084		5. The offer or disposition of the subdivided lands is or would
634	1085		be unfair or inequita ble to purchasers or has worked, tended to
635	1086		work, or would work a fraud upon purchaser s;
636		-
637	1087		6. The disposition has been made or would be made with
638	1088		unreasonable commissions or o ther unreasonable compensation;
	1089	+
	1090	+	SB1526 HFLR Page 22
	1091	+	BOLD FACE denotes Committee Amendments. 1
	1092	+	2
	1093	+	3
	1094	+	4
	1095	+	5
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	1097	+	7
	1098	+	8
	1099	+	9
	1100	+	10
	1101	+	11
	1102	+	12
	1103	+	13
	1104	+	14
	1105	+	15
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	1107	+	17
	1108	+	18
	1109	+	19
	1110	+	20
	1111	+	21
	1112	+	22
	1113	+	23
	1114	+	24
639	1115
640	1116		7. The applicant or registran t has failed to pay th e proper
641	1117		filing fee. Provided, that however, the Commissioner Administrator
642	1118		may enter only a denial order under this paragraph and he or she
643	1119		shall vacate any such order wh en the deficiency has been corrected;
644		-
645	1120		8. Advertising prohibit ed by Section 653 of this Code has been
646	1121		used in connection with the offer or disposition of the subdivided
647	1122		lands;
648		-
649	1123		9. The financial condition of the subdivider or of any other
650	1124		person connected with the offer or disposition of subdivided lands
651	1125		adversely affects or would adversely affect the soundness of the
652	1126		land purchase; or
653		-
654	1127		10. The subdivider is not in compli ance with federal, state, or
655	1128		local environmental quality standards.
656		-
657	1129		B. The Administrato r may not institute a stop order proceeding
658	1130		against an effective registration statement on the basis of a fact
659		-
660		-	ENR. S. B. NO. 1526 Page 16
661	1131		or transaction known to him the Administrator when the registration
662	1132		statement became effective unless the proceeding is instituted
663	1133		within sixty (60) days.
664		-
665	1134		C. In a proceeding for registration, within sixty ( 60) days of
666	1135		the effective date of such registration statement, the appl icant or
667	1136		registrant has the burden of satisfying the requirements of
668	1137		subsection A of this section.
669		-
670	1138		D. The Administrator ma y issue a summary order denying,
671	1139		postponing, suspending , or revoking the effectiveness of the
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672	1167		registration statement pending final det ermination of any proceeding
673	1168		under this section. Upon the entry of the order, the Administrator
674	1169		shall promptly notify eac h person specified in subsection E of this
675	1170		section that the order has been entered, the reasons for the entry
676	1171		of order, and that each such person has a right to request a hearing
677	1172		under subsection A of Section 661 of this Code. If no hearing is
678	1173		requested and none is ordered by the Administrator, the order will
679	1174		remain in effect until it is modified or vacated by the
680	1175		Administrator.
681		-
682	1176		E. No stop order may be entered under th is section except under
683	1177		subsection D of this section unless there has been appropriate p rior
684	1178		notice to the applicant or registrant, to the subdivider and to the
685	1179		person on whose behalf the lands are to be or have been offere d, an
686	1180		opportunity for hearings an d the making of written findings of fact
687	1181		and conclusions of law.
688		-
689	1182		F. The Administrator m ay vacate or modify a stop order if he
690	1183		finds that the conditio ns which prompted the stop order 's entry have
691	1184		changed or that it is other wise in the public interest to do so.
692		-
693	1185		SECTION 6. AMENDATORY 71 O.S. 2021, Section 631, is
694	1186		amended to read as follows:
695		-
696	1187		Section 631. A. It is unlawful for any person to transact
697	1188		business in this state as an agent unless he the person has obtained
698	1189		a real estate broker's or real estate sales associat e's license from
699	1190		his this state of residence, if req uired, and has obtained a license
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700	1218		under this Code to offer or dispose of subdivided lands , provided
701	1219		that the provisions of this section shall not apply to a person
702	1220		whose dealings relate solely to property exempt under Section 622 of
703		-
704		-	ENR. S. B. NO. 1526 Page 17
705	1221		this title or to transa ctions exempt under Section 623 of th is
706	1222		title.
707		-
708	1223		B. Every license expires on the thirtieth day of June following
709	1224		the date of issuance. It may be renewed under such rule s as the
710	1225		Administrator may establish .
711		-
712	1226		C. Any license may be susp ended, revoked or denie d as provided
713	1227		in Section 634 of this title.
714		-
715	1228		D. The Administrator may, by rule or order, exempt from the
716	1229		requirements of this section persons as to whom he finds licens ing
717	1230		under this Code is not necessary for the protection of purcha sers.
718		-
719	1231		SECTION 7. AMENDATORY 71 O.S. 2021, Section 633, is
720	1232		amended to read as follows:
721		-
722	1233		Section 633. A. Agents shall make and keep all accounts,
723	1234		correspondence, memo randa, papers, books and other records as the
724	1235		Administrator by rule requires and shall k eep them for at least six
725	1236		(6) years, and for the first three (3) years in a readily accessible
726	1237		location, unless the Administrator by rule prescribes otherwise.
727	1238		The Administrator may require that copies of any such records be
728	1239		provided by the agent to the s ubdivider for retention and inspection
729	1240		by the Administrator under such rules as he the Administrator may
730	1241		prescribe. All requir ed records shall be made available to the
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731	1269		Administrator upon request for his inspection at his or her office
732	1270		or such other place as he or she may require. The Administrator may
733	1271		accept copies of records at his or her discretion.
734		-
735	1272		B. Every agent shall file such reports as the A dministrator by
736	1273		rule prescribes.
737		-
738	1274		C. If the information contained in any application for a
739	1275		license or other document filed with the Administrator is or becomes
740	1276		inaccurate or incomplete in any material respect, the licensee shall
741	1277		file a corrective amendment within ten (10) days.
742		-
743	1278		D. The Administrator may make periodic examinations, within or
744	1279		without this state, o f the business and records of each licensed
745	1280		agent at such times and in such scope as he determines. The
746	1281		examinations may be made without prior noti ce. The Administrat or
747		-
748		-	ENR. S. B. NO. 1526 Page 18
749	1282		shall charge all expenses incurred in such examination to the
750	1283		licensed agent whose bu siness is being examined in the amount as
751	1284		provided in Section 652 of this title. For the purpose of avoiding
752	1285		unnecessary duplication of examination s, the Administrator , insofar
753	1286		as he deems practicable, may cooperate with other regulatory
754	1287		agencies. The Administrator may not be compelled to make public the
755	1288		information obtained in the course of the examinations except when
756	1289		his duty under this Code requ ires him to take act ion regarding an
757	1290		agent or to make information available to other regulatory agencies,
758	1291		or when the Administrator is called as a witness in an y criminal
759	1292		proceeding.
760	1293
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761	1320		E. The Administrator may prescribe rules for the conduct of
762	1321		business by agents as he or she finds appropriate in the public
763	1322		interest for the protection of purchasers.
764		-
765	1323		SECTION 8. AMENDATORY 71 O.S. 2021, Sectio n 642, is
766	1324		amended to read as follows:
767		-
768	1325		Section 642. No agent person may offer or dispose of lots
769	1326		within a subdivision required to be registered under this Code which
770	1327		is subject to a blanket encumbrance , option or contract for deed
771	1328		unless such offer or disposition is in compliance with such rules as
772	1329		may be prescribed by the Administrator for the protection of
773	1330		purchasers.
774		-
775	1331		SECTION 9. AMENDATORY 71 O.S. 2021, Section 652 , is
776	1332		amended to read as follows:
777		-
778	1333		Section 652. A. Unless otherwise provided by law, the
779	1334		following are the fees that shall be charged by the Administrator
780	1335		pursuant to the Oklahoma Subdivided Land Sales Code. No additional
781	1336		fees shall be assessed or charged pursuant t o rule or regulation of
782	1337		the Administrator. Once paid, such fees shall be nonrefundable.
783		-
784	1338		1. Agent License registration fee or renewal fee ...$30.00
785		-
786	1339		2. Agent License exam ination fee...................$30.00
787		-
788	1340		3. Filing fee for advertisi ng or promotional materials $10.00
789		-
790	1341		4. 2. Exemption notification filing fee...........$250.00
791		-
792		-	ENR. S. B. NO. 1526 Page 19
793		-
794	1342		5. 3. Interpretive opinion or n o-action request...$250.00
795		-
796	1343		6. 4. Affidavit request............................ $10.00
797	1344
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798	1371		7. 5. Service of process upon the A dministrator....$10.00
799		-
800	1372		8. 6. Copying fee:
801		-
802	1373		a. 8 1/2" by 14" or smaller $.25 per page
803		-
804	1374		b. Larger than 8 1/2" by 14" $1.00 per page
805		-
806	1375		c. Certified copy 8 1/2" by 14" or smaller $1.00 per
807	1376		page
808		-
809	1377		d. Certified copy larger than 8 1/2 " by 14" $2.00 per
810	1378		page
811		-
812	1379		9. 7. Document search fee for commercial purpose ...$20.00 per
813	1380		hour
814		-
815	1381		10. 8. Initial application for reg istration of subdivided land
816	1382		pursuant to Section 625 of this title:
817		-
818	1383		a. Examination fee $250.00
819		-
820	1384		b. Registration fee $1.00 per lot
821		-
822	1385		11. 9. Renewal application for registr ation of subdivided land
823	1386		pursuant to Section 627 of this title:
824		-
825	1387		a. Examination fee $250.00
826		-
827	1388		b. Registration fee $1.00 per
828		-
829	1389		lot not previously
830	1390		registered pursuant to the
831	1391		Initial Application or
832	1392		prior Renewal Application
833	1393		filed pursuant to this
834	1394		Code.
835	1395
836		-	ENR. S. B. NO. 1526 Page 20
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837	1421
838	1422		12. 10. Charges for an on-site examination of a subdivision
839	1423		conducted pursuant to Sectio n 627 of this title or of a licensed
840	1424		agent pursuant to Section 633 of this title, shall be billed to the
841	1425		person subdivider being examined at a rate of $25.00 per hour per
842	1426		employee for the time spent by each Department emp loyee in traveling
843	1427		to and from the examinati on site, conducting the examination, and
844	1428		preparing the examination report. In addition, the Department shall
845	1429		be reimbursed for all actual expenses incurred in conducti ng such
846	1430		examinations, including travel expen ses, per diem, lodging, and
847	1431		other related expenses of Department employees conductin g the
848	1432		examination, the cost of supplies, materials, photocopying, long
849	1433		distance telephone calls , and postage; and costs of techn ical,
850	1434		expert or special services required in connection with such
851	1435		examination.
852		-
853	1436		B. All fees and other charges collected by the A dministrator
854	1437		pursuant to this section shall be deposited in the General Revenue
855	1438		Fund except for the following fees and charges w hich shall be
856	1439		deposited in the Oklahoma Department of Securities Commission
857	1440		Revolving Fund established pursuant to Section 412 1-612 of this
858	1441		title:
859		-
860	1442		1. The fees collected pursuant to paragraphs 5, 6, 7, 8 and 9
861	1443		3, 4, 5, 6, and 7 of subsection A of this sec tion;
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862	1470
863	1471		2. The fees collected pursuant to the provisions of Sections
864	1472		Section 627 and 633 of this title as provided in paragraph 12 10 of
865	1473		subsection A of this section; and
866		-
867	1474		3. The examination fees collected pursuant to subparagraph a of
868	1475		paragraph 10 8 and subparagraph a of paragraph 11 9 of subsection A
869	1476		of this section.
870		-
871	1477		SECTION 10. AMENDATORY 71 O.S. 2021, Section 655, is
872	1478		amended to read as follows:
873		-
874	1479		Section 655. Neither the fact that a regis tration statement or
875	1480		an application for a l icense has been filed nor the fact that any
876	1481		subdivided lands are registered or that any person is licensed
877	1482		constitutes a finding by the Ad ministrator that any document filed
878	1483		under this Code is true, complete , and not misleading. Neither any
879		-
880		-	ENR. S. B. NO. 1526 Page 21
881	1484		such fact nor the fact that an exemption or exclusion is available
882	1485		for an agent, subdivided land, or a transaction means that the
883	1486		Administrator has passe d in any way upon the merits or
884	1487		qualifications of, or recommended or given approval to, any person,
885	1488		subdivided land or transaction. It is unlawful to make, or cause to
886	1489		be made, to any prospective purchase r, any representation
887	1490		inconsistent with the foregoi ng.
888		-
889	1491		SECTION 11. AMENDATORY 71 O.S. 2021, Section 660, is
890	1492		amended to read as follows:
891		-
892	1493		Section 660. If the Administrator has reason to believe tha t
893	1494		any offer or disposition of subdi vided land required to be
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	1521	+
894	1522		registered under this Code is or would be fraudulent to purchasers,
895	1523		he the Administrator may by order summari ly prohibit further offers
896	1524		or dispositions in this state of such land until it is regi stered
897	1525		under this Code. If the Adm inistrator has reason to believe that
898	1526		any subdivided land is being offered or disposed of in this state b y
899	1527		any unlicensed person in violation of this Code or any rule o r order
900	1528		hereunder, he or she may by order summarily p rohibit such person
901	1529		from further offers or dispositions in this state of such subdivided
902	1530		lands until he the person is licensed as required under this Code.
903		-
904	1531		SECTION 12. AMENDATORY 71 O.S. 2021, Section 662, is
905	1532		amended to read as follows:
906		-
907	1533		Section 662. A. The Administrator may make, amend, and rescind
908	1534		any rules, forms and orders that are necessary to carry out this
909	1535		Code, including rules and forms governing app lications for
910	1536		registration or licensing, reports and defining any terms, wh ether
911	1537		or not used in this Code, ins ofar as the definitions are not
912	1538		inconsistent with this Code. For the purpose of rules and forms,
913	1539		the Administrator may classify subdivided lands, persons, and
914	1540		matters within his or her jurisdiction, and presc ribe different
915	1541		requirements for different class es.
916		-
917	1542		B. No rule, form, or order may be made, amended , or rescinded
918	1543		unless the Administrator finds that the action is necessary or
919	1544		appropriate in the public interest and for the protection of
920	1545		purchasers. In pres cribing rules and forms, the Administrator ma y
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	1572	+
921	1573		cooperate with regulatory agencies of other units of government with
922	1574		a view to achieving maximum uniformity in the form and content of
923		-
924		-	ENR. S. B. NO. 1526 Page 22
925	1575		registration statements, applications, and reports wherever
926	1576		practicable.
927		-
928	1577		C. The Administrator may by rule or order pre scribe the form
929	1578		and content of financial statements required under this Code, the
930	1579		circumstances under which consolidated financial statements shall be
931	1580		filed, and whether any required financial statements shall be
932	1581		certified by independent or certified publi c accountants. All
933	1582		financial statements shall be prepared in accordance with generally
934	1583		accepted accounting practices unless otherwise permitted by rule or
935	1584		order.
936		-
937	1585		D. No provision of this Code imposing any liabili ty applies to
938	1586		any act done or omitted in go od faith and conformity with any rule,
939	1587		form, or order of the Administrator, notwithstanding that the rule,
940	1588		form, or order may later be amended or rescinded or b e determined to
941	1589		be invalid for any reason.
942		-
943	1590		E. All rules and forms of the Administrator shall be published.
944		-
945	1591		SECTION 13. AMENDATORY 71 O.S. 2021, Section 663, is
946	1592		amended to read as follows:
947		-
948	1593		Section 663. A. A document is filed when it is r eceived by the
949	1594		Administrator.
950		-
951	1595		B. The Administrator s hall keep a register record of all
952	1596		licenses and registration statements which are o r have ever been
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	1623	+
953	1624		effective under this Code an d all denial, suspension, or revocation
954	1625		orders which have been entered unde r this Code. The register record
955	1626		shall be open for public inspection.
956		-
957	1627		C. The information contained in or filed with any application
958	1628		for registration, licensing or report shall be made available to the
959	1629		public in accordance with rules prescribed by the Adm inistrator.
960		-
961	1630		D. Subject to the provisions of subsecti on D of Section 633 of
962	1631		this Code, the Administrator upon request shall furnish to any
963	1632		person at a reasonable charge photostatic or other copies, certified
964	1633		under his the seal of office of the Administrator, if certification
965	1634		is requested, of any entry in the register record or any order on
966		-
967		-	ENR. S. B. NO. 1526 Page 23
968	1635		file in his the office of the Administrator . Any copy so certified
969	1636		is admissible in evidence in tri als and other proceedings.
970		-
971	1637		E. The Administrator may honor r equests from interested persons
972	1638		for interpretative opinions.
973		-
974	1639		SECTION 14. AMENDATORY 71 O.S. 2021, Section 664, is
975	1640		amended to read as follows:
976		-
977	1641		Section 664. A. Every applicant for a license or registration
978	1642		under this Code shall file with the Administrator, in such form as
979	1643		he prescribed by rule prescribes, an irrevocable consent appointing
980	1644		the Administrator or his successor in office to be his or her
981	1645		attorney to receive service of any lawful process in any noncriminal
982	1646		suit, action or proceedin g against him the applicant or his or her
983	1647		successor, executor, or administrator which ar ises under this Code
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984	1675		or any rule or order issued hereunder after the co nsent has been
985	1676		filed, with the same v alidity as if served personally on the person
986	1677		filing the consent. The consent need not be filed by a person who
987	1678		has filed a consent in connection w ith a previous registration or
988	1679		license which is then in effect. Servic e may be made by leaving a
989	1680		copy of the process in the office of the Administrator, but is not
990	1681		effective unless the plaintiff, who may be the Administr ator in the
991	1682		suit, action, or proceeding instituted by him or her, promptly sends
992	1683		notice of the service and a copy of the process by registered or
993	1684		certified mail to the defendant or respondent at his the last
994	1685		address on file with the Administrator, and the plaintiff's
995	1686		affidavit of compliance with this subsection is filed in the case on
996	1687		or before the return of the process, or within such time as the
997	1688		court allows.
998		-
999	1689		B. When any person, including any nonreside nt in this state,
1000	1690		engages in conduct prohibited or ma de actionable by this Code or any
1001	1691		rule or order hereunder, and he has not filed a consent to service
1002	1692		of process under subsection A of this section and pers onal
1003	1693		jurisdiction over him the person cannot otherwise be obtained in
1004	1694		this state, that conduct shall be considered equivalent to his
1005	1695		appointment of the Administrator to be his the person's attorney to
1006	1696		receive service of any lawful process in a ny noncriminal suit,
1007	1697		action, or proceeding against him the person or his or her
1008	1698		successor, executor, or administrator which arises out of that
	1699	+
	1700	+	SB1526 HFLR Page 34
	1701	+	BOLD FACE denotes Committee Amendments. 1
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1009	1726		conduct and which is brought under this Code or any rule or order
1010		-
1011		-	ENR. S. B. NO. 1526 Page 24
1012	1727		hereunder, with the same validity as if served on him the person
1013	1728		personally. Service may be made by leaving a copy of the process in
1014	1729		the office of the Administr ator, but it is not effective unles s the
1015	1730		plaintiff, who may be the Administrator in a suit, action , or
1016	1731		proceeding instituted by him the Administrator, promptly sends
1017	1732		notice of the service and a copy of the process by registered or
1018	1733		certified mail to the def endant or respondent at his the last-known
1019	1734		address or takes other steps which are reasonably calculated to give
1020	1735		actual notice, and the plaintiff's affidavit of compliance with this
1021	1736		subsection is filed in the case on or before the return day of the
1022	1737		process or within such time as the court al lows.
1023		-
1024	1738		C. When process is served under this section, the court or the
1025	1739		Administrator in a proceeding before him the Administrator, shall
1026	1740		order such continuance as is nec essary to afford the defendant or
1027	1741		respondent reasonable opportunity to defend.
1028		-
1029	1742		SECTION 15. REPEALER 71 O.S. 2021, Sections 632 and 634,
1030	1743		are hereby repealed.
1031		-
1032	1744		SECTION 16. This act shall become e ffective November 1, 2022.
1033	1745
1034		-
1035		-	ENR. S. B. NO. 1526 Page 25
1036		-	Passed the Senate the 7th day of March, 2022.
1037		-
1038		-
1039		-
1040		-	Presiding Officer of the Senate
1041		-
1042		-
1043		-	Passed the House of Representatives the 20th day of April, 2022.
1044		-
1045		-
1046		-
1047		-	Presiding Officer of the House
1048		-	of Representatives
1049		-
1050		-	OFFICE OF THE GOVERNOR
1051		-	Received by the Office of the Governor this _______ _____________
1052		-	day of _________________ __, 20_______, at _______ o'clock _______ M.
1053		-	By: _______________________________ __
1054		-	Approved by the Governor of the State of Oklahoma this _____ ____
1055		-	day of _________________ __, 20_______, at _______ o'clock _______ M.
1056		-
1057		-	_________________________________
1058		-	Governor of the State of Oklahoma
1059		-
1060		-
1061		-	OFFICE OF THE SECRETARY OF STATE
1062		-	Received by the Office of the Secretary of State this _______ ___
1063		-	day of __________________, 20 _______, at _______ o'clock _______ M.
1064		-	By: _______________________________ __
	1746	+	COMMITTEE REPORT BY: COMMITTEE ON BUSINESS AND COMMERCE, dated
	1747	+	04/06/2022 - DO PASS.