The bill amends the Oklahoma Abstractors Act, specifically 1 O.S. 2021, Section 38, which outlines the qualifications for obtaining an abstract license. It establishes that the Oklahoma Abstractors Board can deny a license to applicants who do not have legal authorization to work in the United States, are not residing in the country, or are not physically present in the U.S. Additionally, the bill clarifies the definitions of terms related to criminal conduct, specifying that "poses a reasonable threat" and "substantially relates" refer to the nature of the applicant's past criminal conduct and its relevance to their ability to serve the public in the abstracting profession.

The bill also maintains that an abstract license is valid for one year, with renewal fees set by the Board not exceeding $150. The effective date for this legislation is November 1, 2026. Overall, the amendments aim to enhance the regulatory framework governing abstractors in Oklahoma by ensuring that only qualified individuals are licensed to practice in the state.