Shown verbatim: the complete text as captured from the official PDF posted by the Oklahoma Legislature, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
1 STATE OF OKLAHOMA
1
2 2nd Session of the 60th Legislature (2026)
2
3 SENATE BILL 2082 By: Deevers
3
4
4
5
5
6 AS INTRODUCED
6
7 An Act relating to home ownership; defining terms;
7 prohibiting single-family home ownership by covered
8 institutional investors; making certain ownership
8 voidable; prohibiting county clerks from filing
9 certain conveyance without certain affidavit;
9 providing contents of affidavit; authorizing the
10 Attorney General with enforcement power; prohibiting
10 rulemaking; requiring the Attorney General to create
11 forms within a certain time period; creating
11 misdemeanor offense; providing for penalties;
12 providing for exceptions; applying provisions
12 prospectively; providing for codification; and
13 providing an effective date.
13
14
14
15
15
16 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
16
17 SECTION 1. NEW LAW A new section of law to be codified
17
18 in the Oklahoma Statutes as Section 652.1 of Title 60, unless there
18
19 is created a duplication in numbering, reads as follows:
19
20 A. As used in this section:
20
21 1. "Acquire" means obtaining legal title, equitable title,
21
22 beneficial ownership interest, or any other controlling interest in
22
23 a single-family dwelling. Acquire shall not include transfers of
23
24 single-family dwellings through devise, descent, or inheritance or
24
Req. No. 3471 Page 1
1 other operations of existing law so long as the total number of
1
2 holdings by covered institutional investors does not increase;
2
3 2. "Aggregate" means consolidation of single-family dwellings
3
4 by a covered institutional investor and shall include consolidation
4
5 through a covered institutional investor's affiliates or
5
6 subsidiaries for purposes of exercising common control and
6
7 beneficial ownership;
7
8 3. "Covered institutional investor" means any corporation,
8
9 limited liability company, limited partnership, partnership, or
9
10 other corporate structure with more than one member that purchases
10
11 or otherwise acquires title or ownership to single-family dwellings
11
12 for the purpose of profit. Covered institutional investor shall not
12
13 include natural persons, family trusts or estates, nonprofits,
13
14 community land trusts, tribal housing or any other housing
14
15 authority, foreclosure or deed-in-lieu acquisitions by lenders or
15
16 servicers with a mandatory disposition window, or homebuilders; and
16
17 4. "Single-family dwelling" means detached homes, townhomes,
17
18 condominiums, and manufactured homes affixed to real property.
18
19 Single-family dwelling shall not include multifamily dwellings or
19
20 new construction inventory held by a homebuilder for first sale.
20
21 B. A covered institutional investor shall not acquire,
21
22 purchase, transfer, or assign any single-family dwelling in this
22
23 state if the covered institutional investor already owns more than
23
24 twenty-five single-family dwellings in the aggregate. A home
24
Req. No. 3471 Page 2
1 purchase by a covered institutional investor that violates this
1
2 subsection shall be voidable at the election of the Attorney
2
3 General.
3
4 C. No county clerk shall record a deed conveying a single-
4
5 family dwelling to a corporate entity unless the conveyance is
5
6 accompanied by a beneficial ownership affidavit. Such affidavit
6
7 shall identify persons or entities who exercise at least a twenty-
7
8 five percent (25%) interest in the property or otherwise exercise
8
9 substantial control. The affidavit shall include a public portion
9
10 that includes the identification information of the corporate
10
11 entity, any beneficial owner names, if any, and how much of the
11
12 property is controlled by the corporate entity. The affidavit shall
12
13 include a confidential portion that includes the date of birth,
13
14 residential address, and other identifying information deemed
14
15 necessary by the Attorney General or the person representing the
15
16 corporate entity.
16
17 D. 1. The Office of the Attorney General shall have sole
17
18 authority to enforce the provisions of this section. Enforcement
18
19 tools shall include, but not be limited to, seeking injunctions,
19
20 levying of civil penalties for unlawful acquisitions, voiding a
20
21 conveyance, and requiring divestiture by the corporate entity.
21
22 2. The Attorney General may create forms as necessary.
22
23 However, no agency shall promulgate rules to implement this section.
23
24
24
Req. No. 3471 Page 3
1 The Attorney General shall create necessary forms within ninety (90)
1
2 days of the effective date of this section.
2
3 E. Any person or entity that willfully or knowingly files false
3
4 information pursuant to this section shall be, upon conviction,
4
5 guilty of a misdemeanor and subject to a fine not to exceed One
5
6 Thousand Dollars ($1,000.00), imprisonment of up to one (1) year in
6
7 the county jail, or both such fine and imprisonment. Bona fide
7
8 lenders or insurers that rely on recorded affidavits shall be exempt
8
9 from prosecution under this subsection.
9
10 F. Covered institutional investors that acquired single-family
10
11 dwellings prior to the effective date of this section may keep,
11
12 maintain, lease, or sell such dwellings. Acquisitions made after
12
13 the effective date of this section are unlawful.
13
14 SECTION 2. This act shall become effective November 1, 2026.
14
15
15
16 60-2-3471 BLB 1/15/2026 12:07:50 PM
16
17
17
18
18
19
19
20
20
21
21
22
22
23
23
24
24
Req. No. 3471 Page 4Every fact on this page links to its source, starting with the official bill record.