Senate Bill No. 747 amends existing laws regarding sheriff auctions, specifically addressing the procedures for conducting sales of goods, chattels, and lands through online auction marketplaces. The bill introduces new notice requirements for online auctions, mandating that the written notice of sale includes details such as the Internet address for bidding, the date of the sale, and the time when bidding opens. It also allows sheriffs to utilize online auction platforms while ensuring that no buyer's premium is charged to buyers. Additionally, the bill emphasizes the need for a nonelectronic bidding option and permits the online auction marketplace to collect payments and fees, with a cap on costs not exceeding $425 per confirmed sale.

The legislation also includes provisions to ensure that sheriffs and auction marketplace personnel cannot purchase the property being sold, maintaining the integrity of the auction process. It updates statutory language to be gender-neutral and clarifies the responsibilities of sheriffs in conducting these sales. The bill declares an emergency, allowing it to take effect immediately upon passage and approval, thereby facilitating the transition to online auction methods for sheriff sales in Oklahoma.

Statutes affected:
House Committee Substitute for Senate Bill: 12-757, 12-765
Floor (House): 12-757, 12-765
Amended And Engrossed: 12-757, 12-765
Enrolled (final version): 12-757, 12-765
Sub Committee OR Policy Committee Recommendations (House) Policy Committee Recommendation: 12-757, 12-765