Okla. Stat. tit. 63, § 63-4026
This is the official text of Okla. Stat. tit. 63, § 63-4026, part of Oklahoma’s Stat. tit. 63, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 63,." Browse the sections below, each linked to its official government source.
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Repossession by mortgagee - Liability for delinquent
Official statutory text
registration.
At any time that a mortgagee repossesses a vessel or motor 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 vessel or motor to pay any of the penalties
which had accrued as of the date of such repossession otherwise
prescribed in the Oklahoma Vessel and Motor Registration Act.
Provided that said penaltiesshall not be waived unless such vessel
or motor 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 vessel or motor withinninety (90)
days from the date of repossession, the penalty shall reattach and
be paid when application is made for the new title.
At any time that a mortgagee repossesses a vessel or motor 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 vessel or motor to pay any of the penalties
which had accrued as of the date of such repossession otherwise
prescribed in the Oklahoma Vessel and Motor Registration Act.
Provided that said penaltiesshall not be waived unless such vessel
or motor 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 vessel or motor withinninety (90)
days from the date of repossession, the penalty shall reattach and
be paid when application is made for the new title.
Status: in_force · Read it on the official government site
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