By Kim Pogue Jenkins, Esq.
Baer & Timberlake, P.C.*
USFN Member (OK)
The Oklahoma Legislature has amended its statute
regarding alien ownership of land. Effective November 1, 2023, no deed may be
recorded in Oklahoma unless it is accompanied by an affidavit from the grantee
attesting that the grantee is taking title in compliance with the state laws on
foreign ownership of land.
The Oklahoma Constitution and 60 Okla. Stat. §§121-123
have historically provided that a person who is not a citizen of the United
States or a bona fide resident of Oklahoma may not hold title to real property
in the state, and they must dispose of the property within five years of
acquiring title or the property will be forfeited to the State. Title 60 Okla.Stat.
§121 was recently amended to add the requirement that any deed recorded with
the county clerk must be accompanied by an affidavit that the grantee “is
obtaining the land in compliance with the requirements of this section and that
no funding source is being used in the sale or transfer in violation of this
section or any other state or federal law. A county clerk shall not accept and
record any deed without an affidavit as required by this section. The Attorney
General shall promulgate a separate affidavit form for individuals and for
business entities or trusts to comply with the requirements of this section, with
the exception of those deeds which the Attorney General deems necessary when
promulgating the affidavit form.” (Emphasis added.)
The Oklahoma Attorney General has provided the forms,
which may not be altered in any way. Those forms may be located at the attorney
general’s website at https://www.oag.ok.gob/public-forms.
Foreclosure attorneys will immediately be faced with a
dilemma when recording a deed to a government agency. The forms are for
individuals and business entities only, and cannot be revised to accommodate
HUD, VA, FNMA, FHLMC, or any other government or tribal entity.
Upon inquiry, the Attorney General’s office indicated
that they would be issuing an opinion exempting governmental and tribal
entities from the affidavit requirement. However, as of the date of this
article, the office has not yet published that opinion. Until they do so, no
deed may be recorded to these entities.
Copyright © USFN 2023
USFNews - December 6, 2023
* Denotes firm is a 2023 USFN Award of Excellence recipient.