Oklahoma 2023 Regular Session

Oklahoma Senate Bill SB753 Latest Draft

Bill / Enrolled Version Filed 04/26/2023

                             
 
 
An Act 
ENROLLED SENATE 
BILL NO. 753 	By: Montgomery of the Senate 
 
  and 
 
  Pae of the House 
 
 
 
 
An Act relating to certificates of title; amending 47 
O.S. 2021, Section 1107, as last amended by Section 
20, Chapter 107, O.S.L. 202 2 (47 O.S. Supp. 2022, 
Section 1107), which relates to the holder of 
certificates in the event of sale or trans fer of 
ownership; providing for certain documents to be 
transferred electronically; and providing an 
effective date. 
 
 
 
 
SUBJECT:  Certificates of title 
 
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: 
 
SECTION 1.     AMENDATORY     47 O.S. 2021, Section 1107, as 
last amended by Section 20, Chapter 107, O.S.L. 2022 (47 O.S . Supp. 
2022, Section 1107), is amended to read as follows: 
 
Section 1107. A.  In the event of the sale or transfer of the 
ownership of a vehicle for which a certificate of title has been 
issued as provided by Section 1105 of this title, the holder of such 
certificate shall endorse on the back of same a complete assi gnment 
thereof with warranty of title in form printed thereon with a 
statement of all liens or encumbrances on the vehicle, sworn to 
before a notary public or some other person authorized by law to 
take acknowledgments, and deliver same to the purchaser or 
transferee at the time of delivery to the purchaser or transferee of 
the vehicle; provided, a transfer of the ownership of a vehicle to 
an insurer resulting from the settlement of a tota l loss claim shall 
not require a notarized signature on the certifica te of title. In   
 
ENR. S. B. NO. 753 	Page 2 
the event that any other documents used for a transfer of the 
ownership of a vehicle to an insurer resulting from the settlement 
of a total loss claim require a notarized signat ure, the documents 
shall be permitted to be signed electronically pursuant to S ection 
15-109 of Title 12A of the Oklahoma Statutes.  These supporting 
documents shall include but are not limited to vehicle powers of 
attorney forms and an odometer statement.  The purchaser or 
transferee, unless such person is a bona fide used motor vehicle 
dealer licensed by this state, a retail implement dealer in 
connection with the purchase or transfer of off-road vehicles or a 
charitable organization shall, wi thin thirty (30) days from the time 
of delivery to the purchaser or transferee of the vehicle, present 
the assigned certificate of title and the insurance security 
verification to the veh icle to the Oklahoma Tax Commission, o r one 
of its motor license agen ts, accompanied by a fee of Eleven Dolla rs 
($11.00), together with any motor vehicle excise tax or license fee 
that may be due, whereupon a new certificate of titl e, shall be 
issued to the assignee.  One Dollar ($1.00) of eac h fee shall be 
deposited in the Oklahoma Tax Commission Reimbursement F und.  Any 
charitable organization utilizing the exemption authorized by this 
subsection shall receive training as prescribe d by the Oklahoma Used 
Motor Vehicle, Dismantler, and Manufactured Housing Commission. 
 
B.  A licensed dealer, a retail implement deal er in connection 
with the sale or disposal of off-road vehicles or a charitable 
organization shall, on selling or otherwise disposing of a vehicle , 
execute and deliver to the purchaser thereof the certifica te of 
title properly and completely reassigned .  Thereupon, the purchaser 
of the vehicle shall present the reassigned certificate to the 
Commission, or a motor lic ense agent, accompanied by a fee of Eleven 
Dollars ($11.00), and any motor vehicle excise tax or license fee 
that may be due, whereupon a new c ertificate of title will be is sued 
to the purchaser.  One Dollar ($1.00) of each fee shall be deposited 
in the Oklahoma Tax Commission Reimburseme nt Fund. The certificate, 
when so assigned and returned to the Commission, together with any 
subsequent assignment or reissue thereof, shal l be appropriately 
filed and indexed so that at all times it will be possible to tr ace 
title to the vehicle designat ed therein.  Provided, when the 
ownership of any motor vehic le shall pass by operation of law, the 
person owning the vehicle may, upon furni shing satisfactory proof to 
the Commission of ownership, procure a title to the mot or vehicle, 
regardless of whether a certificate of title has e ver been issued.    
 
ENR. S. B. NO. 753 	Page 3 
The dealer shall execute and deliver to the purchaser bills of sale 
on forms prescribed by th e Commission for all new vehicles sold by 
the dealer.  On presentation of a bill of sale executed on forms 
prescribed by the Commission, by a man ufacturer or dealer for a new 
vehicle sold in this state, accompanied by remittan ce in the sum of 
Eleven Dollars ($11.00), together with any motor vehicle excise tax 
or license fee that may be d ue, a certificate of title shall be 
issued in accordance with the provisions of the Oklahoma Vehicle 
License and Registration Act.  One Dollar ($1.00) of each fee shall 
be deposited in the Oklahoma Tax Commission Reimbursement Fund.  For 
purposes of this subsection, “charitable organizati on” shall mean 
any organization which is exempt from taxatio n pursuant to the 
provisions of the Internal Reven ue Code, 26 U.S.C., Section 
501(c)(3) and which is registered as a charitable organization with 
the Oklahoma Secretary of State and the Oklahoma A ttorney General’s 
office; “off-road vehicles” means all-terrain vehicles, utility 
vehicles, and motorcycles us ed exclusively for off-road use; “retail 
implement dealer” means a business engaged primarily in the sale of 
farm tractors as defined in Section 1 -118 of this title or 
implements of husbandry as defined in Section 1-125 of this title or 
a combination thereof. 
 
C.  Any person violating the provisions of this section shall be 
guilty of a misdemeanor and upon the first c onviction thereof shall 
be punished by a fine not to exceed Fi ve Hundred Dollars ($500.00), 
with impoundment of the vehicle until all taxes and fees are paid.  
A second or subsequent conviction shall be punished by a fine not to 
exceed One Thousand Dollars ($1,000.00), with impoundment of the 
vehicle until all taxes and fees are paid.  If a vehicle is 
impounded pursuant to the provisions of this section, the vehicle 
shall not be released to the owner until the owner provides proof of 
security or an affidavi t that the vehicle will not be us ed on public 
highways or public streets, as required pursuan t to Section 7-600 et 
seq. of this title.  Each vehicle involved in a violation of this 
section shall be considered a separate offense. 
 
SECTION 2.  This act shall become effective November 1, 2023. 
   
 
ENR. S. B. NO. 753 	Page 4 
Passed the Senate the 21st day of February, 2023. 
 
 
  
 	Presiding Officer of the Senate 
 
 
Passed the House of Representatives the 25th day of April, 2023. 
 
 
  
 	Presiding Officer of the House 
 	of Representatives 
 
OFFICE OF THE GOVERNOR 
Received by the Office of the Governor this _______ _____________ 
day of _________________ __, 20_______, at _______ o'clock _______ M. 
By: _____________________________ ____ 
Approved by the Governor of the State of Oklahoma this _____ ____ 
day of _________________ __, 20_______, at _______ o'clock _______ M. 
 
 	_________________________________ 
 	Governor of the State of Oklahoma 
 
 
OFFICE OF THE SECRETARY OF STATE 
Received by the Office of the Secretary of State this _______ ___ 
day of __________________, 20 _______, at _______ o'clock _______ M. 
By: _______________________________ __