Motor vehicles; modifying provision to add to vehicle title the spouse of person with active loan; effective date.
Second Reading referred to Rules
Summary
The bill amends Oklahoma’s vehicle title statutes so that, when a car has an active commercial lender lien, the title can be transferred not only to the borrower but also to the borrower’s spouse, a trust created by the borrower, or a surviving heir, provided the lienholder is notified and the lien’s priority is unchanged. This change impacts borrowers, their spouses, lenders, and the state agency that processes titles.
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