Okla. Stat. tit. 47, § 47-1126
This is the official text of Okla. Stat. tit. 47, § 47-1126, part of Oklahoma’s Stat. tit. 47, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 47,." Browse the sections below, each linked to its official government source.
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Repossessed vehicle - Registration
Official statutory text
A. At any time that a mortgagee repossesses a vehicle on which
the registration has become delinquent as of the date of such
repossession, the mortgagee shall not be required, as a condition
for registration of said vehicle, to pay the penalties which had
accrued as of the date of such repossession otherwise prescribed in
this act. Provided that said penalties shall not be waived unless
such vehicle is registered by the mortgagee within five (5) days
after it is repossessed. Provided further, that if the mortgagor,
or spouse, becomes the owner of the vehicle within ninety (90) days
from the date of repossession, the penalty shall reattach and be
paid when the new title is applied for.
B. Upon each vehicle repossessed by a mortgagee, a fee of
Forty-six Dollars ($46.00) shall be assessed. This fee shall be in
lieu of any applicable vehicle excise tax and registration fees.
Each motor license agent accepting applications for certificates of
title for such vehicles shall receive Seven Dollars ($7.00) to be
deducted from the license fee specified in this subsection for each
application accepted.
the registration has become delinquent as of the date of such
repossession, the mortgagee shall not be required, as a condition
for registration of said vehicle, to pay the penalties which had
accrued as of the date of such repossession otherwise prescribed in
this act. Provided that said penalties shall not be waived unless
such vehicle is registered by the mortgagee within five (5) days
after it is repossessed. Provided further, that if the mortgagor,
or spouse, becomes the owner of the vehicle within ninety (90) days
from the date of repossession, the penalty shall reattach and be
paid when the new title is applied for.
B. Upon each vehicle repossessed by a mortgagee, a fee of
Forty-six Dollars ($46.00) shall be assessed. This fee shall be in
lieu of any applicable vehicle excise tax and registration fees.
Each motor license agent accepting applications for certificates of
title for such vehicles shall receive Seven Dollars ($7.00) to be
deducted from the license fee specified in this subsection for each
application accepted.
Status: in_force · Read it on the official government site
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