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SENATE FLOOR VERSION
April 8, 2025
ENGROSSED HOUSE
BILL NO. 1392 By: Provenzano of the House
and
Pederson of the Senate
An Act relating to counties and county officers;
amending 68 O.S. 2021, Section 1904, which relates to
county treasurer fee; modifying fee amount; and
providing an effective date.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY 68 O.S. 2021, Section 1904, is
amended to read as follows:
Section 1904. A. The following taxes are hereby levied on real
estate mortgages:
1. A tax of ten cents ($0.10) for each One Hundred Dollars
($100.00) and each remaining fraction thereof where such mortgage is
for five (5) years or more;
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2. A tax of eight cents ($0.08) for each On e Hundred Dollars
($100.00) for each mortgage where such m ortgage is for four (4)
years or more but less than five (5) years;
3. A tax of six cents ($0.06) for each One Hundred Dollars
($100.00) where such mortgage is for three (3) years or more but
less than four (4) years;
4. A tax of four cents ($0.04) for each One Hundred Dollars
($100.00) where such mortgage is for two (2) years or more but less
than three (3) years; and
5. A tax of two cents ($0.02) for each One Hundred Dollars
($100.00) where such mortgage is for less than two (2) years.
If the principal debt or obligation secured by the mortgage is
less than One Hundred Dollars ($100.00), a tax of ten cents ($0.10)
shall be levied on such mortgage and shall be collected and paid as
provided for in this article.
B. In addition to the taxes levied pursuant to the provisions
of subsection A of this section, the county treasurer shall collect
a fee of Five Dollars ($5.00) Ten Dollars ($10.00) on each mortgage
presented to the county treasurer for cert ification. The fees
collected pursuant to the provisions of this subsection shall be
deposited into a cash account to be known as the "County Treasurer's
Mortgage Certification Fee Account ". Monies from the account shall
be expended by the county treasur er in the lawful operation of the
treasurer's office.
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C. The tax provided for in subsection A of this section may be
paid by the mortgagor, the mortgagee or any other interested party.
SECTION 2. This act shall become effective November 1 , 2025.
COMMITTEE REPORT BY: COMMITTEE ON LOCAL AND COUNTY GOVERNMENT
April 8, 2025 - DO PASS