Req. No. 3645 Page 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 STATE OF OKLAHOMA 2nd Session of the 58th Legislature (2022) COMMITTEE SUBSTITUTE FOR SENATE BILL 956 By: Boren COMMITTEE SUBSTITUTE An Act relating to levy on property; amending 12 O.S. 2021, Section 759, which relates to appraisement of property; authorizing alternative method of valuation of property under certain circumstances; allowing sheriff to collect certain administrative fe e; and providing an effecti ve date. BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. AMENDATORY 12 O.S. 2021, Section 759, is amended to read as follows: Section 759. A. When a general execution is issued and p laced in the custody of a sheriff for levy, a certified copy of the execution shall be filed i n the office of the county clerk of the county whose sheriff holds the execution and shall be indexed in the same manner as judgments. At the time the execution is filed, the court clerk shall collect from the party seeking a general execution all fees necessary for the payment of the disinterested persons or a legal entity for services in appraising the subject property pursuant to the requirements of subsection B of this section. Req. No. 3645 Page 2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 B. If a general or special execution is levied upon lands and tenements, the sheriff shall endorse on the face of the writ the legal description and shall have three disinterested persons who have taken an oath to impartially appraise t he property levied on or a legal entity which has provided a written affidavit of impartiality, upon actual view; and the disinterested persons or legal entity shall return to the officer a signed estimate of the real value of the property. If an estimate is obtained from a disinterested legal entity, such estimate shall be developed by the legal entity using at least three independent, credible sources, each of which has estimated the real value of the subject property independently. The disinterested pe rsons or legal entity shall be paid for such services by the court clerk of the county where t he property is located within thirty (30) days of the date that they return their estimate of the real value of the property. If three disinterested persons or a disinterested legal entity are not available to appraise the property, the sheriff may use th e market value of the property in a county where the market value is included on the public record in the office of the county assessor. The sheriff shall be pai d an administrative fee of Fif ty Dollars ($50.00) if the market value is obtained from the cou nty assessor. C. To extend a judgment lien beyond the initial or any subsequent statutory period, prior to the expiration of such period, a certified copy of o ne of the following must be filed and indexed Req. No. 3645 Page 3 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 in the same manner as judgments in the office of t he county clerk in the county in which the statement of judgment was filed and the lien thereof is sought to be retained: 1. A general execution upon the judgm ent; 2. A notice of renewal of judgment; 3. A garnishment summons issued against the judgment debtor; or 4. A notice of income assignment sent to a payor of the judgment debtor. SECTION 2. This act shall become effecti ve November 1, 2022. 58-2-3645 TEK 3/1/2022 11:08:27 AM