This bill mandates that the Attorney General enforce federal laws regarding the return of earnest money paid by qualified U.S. veterans or active duty military personnel in real estate transactions when the property's appraisal value is less than the contract price. It establishes a civil penalty of $500 for any violations of these requirements, with the proceeds directed to the Attorney General's Law Enforcement Revolving Fund.

Additionally, the bill amends Section 19.1 of Title 74 of the Oklahoma Statutes to include the civil penalty amounts collected under this new law as part of the funding for the Attorney General's Law Enforcement Revolving Fund. This fund is designated for the investigation, enforcement, and prosecution of criminal and forfeiture laws. The act is set to take effect on July 1, 2026, and includes an emergency clause for immediate implementation upon passage and approval.