The bill establishes new legal provisions to combat title theft in Oklahoma. It allows victims of title theft to file a notice of fraudulent conveyance, which must be verified and include a full description of the affected real property. The county clerk is required to record this notice and may charge a fee for the service. Additionally, the clerk must provide a copy of the notice to the district attorney for potential investigation. However, the clerk can refuse to file the notice if it is believed to be sham legal process or slander of title, in which case the aggrieved party can petition the district court for a writ of mandamus.
Furthermore, the bill defines title theft and outlines specific felony offenses related to the alteration, forgery, or misrepresentation of documents pertaining to real property. Penalties for these offenses include imprisonment and fines, along with mandatory restitution to the victims. The bill also mandates that county clerks post signage informing the public that filing fraudulent documents is a crime. The new provisions are set to be codified in the Oklahoma Statutes and will take effect on November 1, 2025.