Okla. Stat. tit. 16, § 16-303
This is the official text of Okla. Stat. tit. 16, § 16-303, part of Oklahoma’s Stat. tit. 16, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 16,." Browse the sections below, each linked to its official government source.
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Qualifications — Application
Official statutory text
A. A service agreement is unfair under this act if any part of
the service subject to the agreement is not to be performed within
one (1) year after the time it is entered into or automatically
renews after a one (1) year agreement timeframe and has any of the
following characteristics:
1. Purports to run with the land or to be binding on future
owners of interests in the real property;
2. Allows for assignment of the right to provide service
without notice to and consent of the owner of residential real
estate; or
3. Purports to create a lien, encumbrance, or other real
property security interest.
B. This act does not apply to:
1. A home warranty or similar product that covers the cost of
maintenance of a major home system, such as plumbing, HVAC or
electrical wiring for a fixed period;
2. An insurance contract;
3. An option or right of refusal to purchase the residential
real estate;
4. A declaration created in the formation of a common-interest
community or an amendment thereto;
5. A maintenance or repair agreement entered by an owners'
association in a common-interest community;
6. A mortgage loan or a commitment to make or receive a
mortgage loan;
7. A security agreement under the Uniform Commercial Code
relating to the sale or rental of personal property or fixtures; or
8. Water, sewer, electrical, telephone, cable, or other
regulated utility service providers.
C. This act does not impair any lien right granted pursuant to
Oklahoma law.
the service subject to the agreement is not to be performed within
one (1) year after the time it is entered into or automatically
renews after a one (1) year agreement timeframe and has any of the
following characteristics:
1. Purports to run with the land or to be binding on future
owners of interests in the real property;
2. Allows for assignment of the right to provide service
without notice to and consent of the owner of residential real
estate; or
3. Purports to create a lien, encumbrance, or other real
property security interest.
B. This act does not apply to:
1. A home warranty or similar product that covers the cost of
maintenance of a major home system, such as plumbing, HVAC or
electrical wiring for a fixed period;
2. An insurance contract;
3. An option or right of refusal to purchase the residential
real estate;
4. A declaration created in the formation of a common-interest
community or an amendment thereto;
5. A maintenance or repair agreement entered by an owners'
association in a common-interest community;
6. A mortgage loan or a commitment to make or receive a
mortgage loan;
7. A security agreement under the Uniform Commercial Code
relating to the sale or rental of personal property or fixtures; or
8. Water, sewer, electrical, telephone, cable, or other
regulated utility service providers.
C. This act does not impair any lien right granted pursuant to
Oklahoma law.
Status: in_force · Read it on the official government site
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