Senate Bill No. 274 amends existing landlord-tenant laws in Oklahoma, specifically addressing the conditions under which landlords can impose lease agreements based on tenants' felony convictions. The bill clarifies that property owners who receive income tax credits related to housing must establish a criminal history screening policy as part of their tenant selection plan. This policy must include an individualized review process that considers factors such as the seriousness of the offense, the age of the individual at the time of the offense, the time elapsed since the offense, evidence of rehabilitation, and the relevance of the offense to the tenant's potential behavior. Additionally, the screening policy cannot contain blanket statements denying applicants with criminal convictions.

The bill also mandates that the Oklahoma Housing Finance Agency review these tenant selection plans to ensure compliance with the new requirements. The provisions of the bill will apply to lease transactions occurring on or after April 29, 2019, and the act is set to take effect on November 1, 2025. The amendments aim to create a more equitable process for evaluating potential tenants with criminal histories while still allowing landlords to maintain safety and security in their properties.