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.

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ENGROSSED HOUSE
BILL NO. 4301 By: Blair and Wolfley of the
House

and

Rosino of the Senate

An Act relating to 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; providing for
civil penalty; amending 74 O.S. 2021, Section 19.1,
which relates to the Attorney General Law Enforcement
Revolving Fund; providing for codification; and
providing an effective date.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 451 of Title 72, unless there is
created a duplication in numbering, reads as follows:
A. The Attorney General shall enforce the requirements of 38
C.F.R. Section 36.4303(k) or any other federal law or rule that
requires earnest money paid by a qualified United States veteran or
active duty military to an escrow company or title company or other
entity acting in such capacity to be returned if the value of the
property appraises for less than the contract price.

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B. Any person or entity violating the requirements of federal
law as described in subsection A of this section shall pay a civil
penalty of Five Hundred Dollars ($500.00) per occurrence. The
proceeds from the penalty shall be apportioned to the Attorney
General's Law Enforcement Revolving Fund.
SECTION 2. AMENDATORY 74 O.S. 2021, Section 19.1, is
amended to read as follows:
Section 19.1. There is hereby created in the State Treasury a
revolving fund for the Office of the Attorney General to be
designated the "Attorney General's Law Enforcement Revolving Fund".
The fund shall be a continuing fund, not subject to fiscal year
limitations, and shall consist of any monies received from the sale
of confiscated property, the seizure and forfeiture of confiscated
monies, property, gifts, bequests, revises or contributions, public
or private, including federal funds unless otherwise provided by
federal law or regulation and the civil penalty amount imposed
pursuant to Section 1 of this act. All monies accruing to the
credit of said fund are hereby appropriated and may be budgeted and
expended by the Attorney General for the purposes of investigation,
enforcement and prosecution of cases involving criminal and
forfeiture laws of this state and the United States of America or to
match federal grants. Expenditures from said fund shall be made
upon warrants issued by the State Treasurer against claims filed as

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prescribed by law with the Director of the Office of Management and
Enterprise Services for approval and payment.
SECTION 3. This act shall become effective November 1, 2026.
Passed the House of Representatives the 11th day of March, 2026.

Presiding Officer of the House
of Representatives

Passed the Senate the _____ day of __________, 2026.

Presiding Officer of the Senate