New Oklahoma deed recording rules require notarized affidavits effective November 1

On February 3, 2025, the Oklahoma State Legislature introduced House Bill 1546, a significant piece of legislation aimed at regulating land ownership and transfer within the state. The bill seeks to address concerns regarding foreign ownership of land, particularly in light of national security implications and economic interests.

The primary purpose of House Bill 1546 is to ensure that any individual or entity acquiring land in Oklahoma is compliant with specific legal requirements. Notably, the bill mandates that any deed recorded with a county clerk must include an affidavit confirming that the purchaser is in compliance with state and federal laws regarding land acquisition. This affidavit must be executed by the buyer or their authorized representative, attesting that no prohibited funding sources are involved in the transaction.

One of the key provisions of the bill is the exemption for businesses engaged in regulated interstate commerce or those with national security agreements with the Committee on Foreign Investment in the United States (CFIUS). This exemption highlights the balance the legislature aims to strike between protecting local interests and accommodating legitimate business operations.

The introduction of House Bill 1546 has sparked notable debates among lawmakers and stakeholders. Proponents argue that the bill is essential for safeguarding Oklahoma's land from foreign entities that may pose a risk to national security. They emphasize the need for transparency in land transactions to protect local communities and economies. Conversely, opponents raise concerns about the potential for overreach and the impact on legitimate foreign investments that contribute to the state's economy.

The implications of this bill extend beyond legal compliance; they touch on broader economic and social issues. By regulating land ownership, the bill could influence real estate markets, agricultural practices, and local economies. Experts suggest that while the intent is to protect state interests, the bill could inadvertently deter foreign investment, which has historically played a role in economic development.

As House Bill 1546 progresses through the legislative process, its future remains uncertain. Lawmakers will need to navigate the complexities of balancing security concerns with the economic benefits of foreign investment. The outcome of this bill could set a precedent for how Oklahoma manages land ownership and foreign involvement in the years to come.