This bill amends Section 1904 of Title 68 of the Oklahoma Statutes, which pertains to the fees collected by county treasurers on real estate mortgages. The primary change involves increasing the fee that the county treasurer collects for certifying each mortgage from Five Dollars ($5.00) to Ten Dollars ($10.00). The fees collected will continue to be deposited into a designated account known as the "County Treasurer's Mortgage Certification Fee Account," which is used for the lawful operation of the treasurer's office.
The bill also outlines the tax structure on real estate mortgages based on their duration, specifying different tax rates for mortgages of varying lengths. The effective date for this amendment is set for November 1, 2025.