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Committee advances bill extending timeframe for lenders to submit vehicle lien paperwork
2901411 · April 8, 2025
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Summary
Senate Bill 527 passed committee to extend the deadline for lenders to provide lien entry information to Service Oklahoma from 25 to 45 days and to clarify mailing requirements for lien releases when dealers make payment.
The House Banking, Financial Services and Pensions Committee approved Senate Bill 527 after Representative Harris presented two amendments and described the measure as a banker-request bill to address timing issues in vehicle lien processing.
Harris said current law requires a bank that takes a security…
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