Oklahoma 2025 2025 Regular Session

Oklahoma House Bill HB1734 Introduced / Bill

Filed 01/16/2025

                     
 
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STATE OF OKLAHOMA 
 
1st Session of the 60th Legislature (2025) 
 
HOUSE BILL 1734 	By: Moore 
 
 
 
 
 
AS INTRODUCED 
 
An Act relating to civil procedure; amending 12 O.S. 
2021, Section 765, as amended by Section 2, Chapter 
326, O.S.L. 2022 (12 O.S. Supp. 2 024, Section 765), 
which relates to sheriff sales; prohibiting buyer 's 
premium for online auction; limiting fee for online 
auction; and providing an effective date . 
 
 
 
 
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: 
SECTION 1.     AMENDATORY     12 O.S. 2021, Section 765, as 
amended by Section 2, Chap ter 326, O.S.L. 2022 (12 O.S. Supp. 2024, 
Section 765), is amended to read as follows: 
Section 765. A.  Upon the return of any writ of execution for 
the satisfaction of which an y lands or tenements have been sold, the 
party causing the execution to be issued shall: 
1.  Cause a written notice of hearing on the confirmation of the 
sale to be mailed, by first class mail, postage prepaid, to all 
persons to whom mailing of the notice of the execution sale was 
required to be made pursuant to Section 764 of this title and to the 
high bidder at such sale, at least ten (10) days before the hearing 
on the confirmation of the sale, and if the name or address of any   
 
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such person is unknown, sh all cause a notice of the hearing on the 
confirmation of the sale to be published in a newspaper authorized 
by law to publish legal notices in the county in which the property 
is situated.  If no newspaper authorized by law to publish legal 
notices is published in such county, the notice shall be published 
in some such newspaper of general circulation which is published in 
an adjoining county.  The notice shall state the name of any person 
being so notified and shall be published once at least ten (10) days 
prior to the date of the hearing on the confirmation of the sale; 
and 
2.  Files in the case an affidavit of proof of mailing, and if 
required, of publication. 
B.  Any person filing a written objection to the confirmation of 
the sale shall cause a copy of such written objection to be mailed, 
prior to the hearing on the confirmation of the sale, by first class 
mail, postage prepaid, to all persons to whom mailing of the notice 
of the hearing on the confirmation of the sale was required to be 
made pursuant to this section.  The court may continue the hearing 
or make such other orders as are necessary to allow the interested 
persons to adequately support or oppose any such objections to the 
confirmation of the sale.  If the court, after having carefully 
examined the proceedings of the officer, is satisfied that the sale 
has, in all respects, been made in conformity with the provisions of 
this article, the court shall direct the clerk to make an entry on   
 
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the journal that the court is satisfied of the legality of such sale 
and shall order that the officer make to the purchaser a deed for 
such lands and tenements; and the officer, on making such sale, 
shall deposit the purchase money with the clerk of the court from 
which said writ of execution issued, where same sh all remain until 
the court shall have examined his or her proceedings as afore said, 
when said clerk of the court shall pay the same to the person 
entitled thereto, agreeable to the order of the court.  In the case 
of a sale by a sheriff conducted through a n online auction 
marketplace, the online auction marketplace may collect and hold 
deposits and additional purchase money payments up to the full 
amount of the winning bid, settle the transaction, and then remit 
payment of the purchase money to the court cl erk as directed by the 
sheriff or the court.  Any No buyer's premium shall be charged to a 
buyer for on any sale including when a sale is conducted through an 
online auction marketplace services rendered to the buyer shall not 
be considered purchase price provided that the buyer 's premium is 
disclosed in advance in the listing platform.  The fee charged by 
the online auction marketplace and all costs incurred by the online 
auction marketplace shall be assessed as costs in the case not t o 
exceed Three Hundred and Fifty Dollars ($350.00) . 
 SECTION 2.  This act shall bec ome effective November 1, 2025. 
 
60-1-10404 JL 01/07/25