Protection of veterans; requiring Attorney General to enforce provisions of federal law related to payments made to escrow or title companies in certain real estate transactions; effective date.

Summary

The bill directs Oklahoma’s Attorney General to enforce a federal rule that mandates escrow or title companies return earnest money to qualified veterans or active‑duty service members when a property’s appraisal is below the contract price. Companies that fail to comply would be assessed a $500 civil penalty, with the money deposited into the Attorney General’s Law Enforcement Revolving Fund. The measure is intended to protect service members in real‑estate transactions.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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