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STATE OF OKLAHOMA
2nd Session of the 60th Legislature (2026)
SENATE BILL 2082 By: Deevers
AS INTRODUCED
An Act relating to home ownership; defining terms;
prohibiting single-family home ownership by covered
institutional investors; making certain ownership
voidable; prohibiting county clerks from filing
certain conveyance without certain affidavit;
providing contents of affidavit; authorizing the
Attorney General with enforcement power; prohibiting
rulemaking; requiring the Attorney General to create
forms within a certain time period; creating
misdemeanor offense; providing for penalties;
providing for exceptions; applying provisions
prospectively; 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 652.1 of Title 60, unless there
is created a duplication in numbering, reads as follows:
A. As used in this section:
1. “Acquire” means obtaining legal title, equitable title,
beneficial ownership interest, or any other controlling interest in
a single-family dwelling. Acquire shall not include transfers of
single-family dwellings through devise, descent, or inheritance or
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other operations of existing law so long as the total number of
holdings by covered institutional investors does not increase;
2. “Aggregate” means consolidation of single-family dwellings
by a covered institutional investor and shall include consolidation
through a covered institutional investor’s affiliates or
subsidiaries for purposes of exercising common control and
beneficial ownership;
3. “Covered institutional investor” means any corporation,
limited liability company, limited partnership, partnership, or
other corporate structure with more than one member that purchases
or otherwise acquires title or ownership to single-family dwellings
for the purpose of profit. Covered institutional investor shall not
include natural persons, family trusts or estates, nonprofits,
community land trusts, tribal housing or any other housing
authority, foreclosure or deed-in-lieu acquisitions by lenders or
servicers with a mandatory disposition window, or homebuilders; and
4. “Single-family dwelling” means detached homes, townhomes,
condominiums, and manufactured homes affixed to real property.
Single-family dwelling shall not include multifamily dwellings or
new construction inventory held by a homebuilder for first sale.
B. A covered institutional investor shall not acquire,
purchase, transfer, or assign any single-family dwelling in this
state if the covered institutional investor already owns more than
twenty-five single-family dwellings in the aggregate. A home
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purchase by a covered institutional investor that violates this
subsection shall be voidable at the election of the Attorney
General.
C. No county clerk shall record a deed conveying a single-
family dwelling to a corporate entity unless the conveyance is
accompanied by a beneficial ownership affidavit. Such affidavit
shall identify persons or entities who exercise at least a twenty-
five percent (25%) interest in the property or otherwise exercise
substantial control. The affidavit shall include a public portion
that includes the identification information of the corporate
entity, any beneficial owner names, if any, and how much of the
property is controlled by the corporate entity. The affidavit shall
include a confidential portion that includes the date of birth,
residential address, and other identifying information deemed
necessary by the Attorney General or the person representing the
corporate entity.
D. 1. The Office of the Attorney General shall have sole
authority to enforce the provisions of this section. Enforcement
tools shall include, but not be limited to, seeking injunctions,
levying of civil penalties for unlawful acquisitions, voiding a
conveyance, and requiring divestiture by the corporate entity.
2. The Attorney General may create forms as necessary.
However, no agency shall promulgate rules to implement this section.
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The Attorney General shall create necessary forms within ninety (90)
days of the effective date of this section.
E. Any person or entity that willfully or knowingly files false
information pursuant to this section shall be, upon conviction,
guilty of a misdemeanor and subject to a fine not to exceed One
Thousand Dollars ($1,000.00), imprisonment of up to one (1) year in
the county jail, or both such fine and imprisonment. Bona fide
lenders or insurers that rely on recorded affidavits shall be exempt
from prosecution under this subsection.
F. Covered institutional investors that acquired single-family
dwellings prior to the effective date of this section may keep,
maintain, lease, or sell such dwellings. Acquisitions made after
the effective date of this section are unlawful.
SECTION 2. This act shall become effective November 1, 2026.
60-2-3471 BLB 1/15/2026 12:07:50 PM