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Okla. Stat. tit. 71, § 71-625

This is the official text of Okla. Stat. tit. 71, § 71-625, part of Oklahoma’s Stat. tit. 71, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 71,." Browse the sections below, each linked to its official government source.

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Application for registration

Official statutory text

Application for registration of subdivided land shall be filed

with the Administrator in such form as the Administrator may

require. The application shall contain the following information

and shall be accompanied by the following documents and exhibits, in

addition to the information which may be required by the

Administrator pursuant to subsection E of Section 627 of this title,

the consent to service of process required by subsection A of

Section 664 of this title, and the fees required by Section 652 of

this title. To the extent that the information required below is

included in filings submitted to and approved by the Consumer

Financial Protection Bureau, or its successors, such filing will be

accepted in lieu of a separate state filing:

1. The subdivider's name and address, form of business

organization, date and jurisdiction of its organization and name and

address of each of its offices and agents in this state;

2. The name, address, and principal occupation for the past

five (5) years of every director, officer or partner of the

subdivider or other person occupying a similar position or

performing similar functions, as well as for each owner of ten

percent (10%) or more of the equity of the subdivider; the extent

and nature of the interest of each of the foregoing persons in the

subdivider and in the subdivided lands as of a date specified by the

Administrator within thirty (30) days of filing of the application

for registration;

3. If any person named in paragraph 2 of this section has been

disciplined, debarred, censured, or suspended by any governmental

body or agency or convicted by any court for violation of a federal,

state, or local law or regulation in connection with activities

relating to land sales, land investment, securities sales or

registration, construction or sale of homes or home improvements, or

Oklahoma Statutes - Title 71. Securities Page 138

any other similar or related activity, a summary of the facts

relating thereto;

4. If any person named in paragraph 2 of this section has,

during the past thirteen (13) years, filed a petition in bankruptcy

or has had an involuntary petition in bankruptcy filed against the

person, or has been an officer, director, or controlling person of a

business entity which has become insolvent or has voluntarily or

involuntarily filed in bankruptcy, a summary of the facts relating

thereto;

5. The states or jurisdictions in which an application for

registration or similar document have been filed including a copy of

any filing with the United States Securities and Exchange Commission

or the Consumer Financial Protection Bureau or the successors of

either, and a copy of any adverse order, judgment, order permitting

withdrawal, or decree of any court or regulatory authority in

connection with the offering of subdivided lands;

6. A legal description of the subdivided lands and the recorded

plat thereof, together with a map showing the division proposed to

be made, the dimensions of the lots, and the relation of the

subdivided lands to existing streets, roads, and other off-site

improvements, all verified by affidavit of an independent

professional land surveyor and a topographical map;

7. A statement in a form acceptable to the Administrator of the

condition of title to the land comprising the lots in this offering

and any common areas or facilities related to or included in this

offering including a description of all encumbrances, easements,

covenants, conditions, reservations, limitations, or restrictions

applicable thereto. This requirement may be met by submission of

evidence of title in the form of a legal opinion, stating the

condition of title, prepared and signed by an attorney at law who is

experienced in the examination of titles, a member of the Bar

Association of the state in which the property is located and who is

not a salaried employee, partner, officer, or director either of the
applicable thereto. This requirement may be met by submission of

evidence of title in the form of a legal opinion, stating the

condition of title, prepared and signed by an attorney at law who is

experienced in the examination of titles, a member of the Bar

Association of the state in which the property is located and who is

not a salaried employee, partner, officer, or director either of the

subdivider or of any of its agents or affiliates; or by any other

evidence of title acceptable to the Administrator;

8. Copies of the instruments by which the subdivider's interest

in the subdivided land was acquired or, if required by the

Administrator, proof of marketable title to the subdivided lands;

9. A statement and such additional assurance as the

Administrator may require that the subdivider can convey or cause to

be conveyed to the purchaser, upon compliance with the terms of the

offer, the interest offered in the subdivided lands;

10. Copies of instruments which will be delivered to the

purchaser to evidence interest in the subdivided lands and copies of

the contracts or other agreements which a purchaser will be required

to agree to or sign in connection with the offer or disposition,

together with the range of selling prices, rates or rentals at which

Oklahoma Statutes - Title 71. Securities Page 139

it is proposed to dispose of the lots, and a list of fees the

purchaser may be required to pay for membership in groups including,

but not limited to, homeowners' associations, country clubs, golf

courses, and other community organizations associated with the

subdivision, together with the description of any qualifications for

or restrictions on membership in any of the foregoing;

11. A legal description of any lien or encumbrance affecting

the subdivision or any portion thereof and a statement in a form

acceptable to the Administrator of the efforts made or to be made to

remove such lien or encumbrance and the consequences to the

purchasers of the success or failure of the efforts to remove such

lien or encumbrance;

12. A summary of any easements or restrictions affecting any of

the subdivided lands and copies of any instruments creating,

altering, or removing such easements or restrictions;

13. Evidence and a statement thereof, in a form satisfactory to

the Administrator, indicating compliance with the zoning and other

governmental laws, ordinances, and regulations affecting the use of

the subdivided lands and adjacent properties, together with dates of

the most recent zoning or jurisdictional changes, the nature

thereof, any proposed changes now pending or known to be

contemplated, and any existing or proposed taxes, special taxes,

assessments, or levies of a similar nature affecting any of the

subdivided land;

14. Evidence and a statement thereof, in a form satisfactory to

the Administrator, indicating compliance with the requirements of

federal, state and local governments or agencies or

instrumentalities thereof which have authority to regulate or issue

permits or licenses which may have a material effect on the

subdivider's plans with respect to the proposed subdivision, its

facilities, common areas or improvements, specifically including

environmental protection agencies and required environmental impact

statements. If any permit, license, or approval of any of the

foregoing has been refused or conditioned, a summary of the reasons

therefor and the effect on the proposed subdivision shall also be

included;

15. A description of the land as it existed prior to any

changes in connection with the proposed subdivision and any changes

which have occurred or are contemplated in connection with the

proposed subdivision;

16. A statement, in a form suitable to the Administrator, of

the existing provisions for access to the subdivision, the

availability of sewage disposal facilities and other public

utilities including, but not limited to, water, electricity, gas and
in connection with the proposed subdivision and any changes

which have occurred or are contemplated in connection with the

proposed subdivision;

16. A statement, in a form suitable to the Administrator, of

the existing provisions for access to the subdivision, the

availability of sewage disposal facilities and other public

utilities including, but not limited to, water, electricity, gas and

telephone facilities, the proximity in miles of the subdivision to

nearby municipalities, the availability and scope of community fire

and police protection, the location of primary and secondary

Oklahoma Statutes - Title 71. Securities Page 140

schools, the improvements installed or to be installed including

off-site and on-site community and recreational facilities, the

persons who are to install, maintain and pay for such improvements,

and the estimated schedule for completion;

17. If required by the Administrator's rule or order, a

performance or completion bond to assure that planned improvements

will be completed, in a form suitable to the Administrator;

18. Such financial statements of the subdivider as the

Administrator may require;

19. A narrative description of the promotional plan for the

disposition of the subdivided lands, together with duplicate copies

of all advertising material which has been prepared for public

distribution. The subject matter of advertising material which is

pictorial in nature shall be limited to a depiction of the actual

on-site conditions of the subdivided lands as of the date of the

filing of the material. No advertising shall be used until a copy

thereof has been allowed for use by the Administrator or a person

authorized by the Administrator as provided in Section 653 of this

title;

20. One copy of the proposed public offering statement prepared

in accordance with Section 626 of this title; and

21. Such additional information or exhibits as the

Administrator may require.

Any of the items required under this section may be incorporated

in the application for registration by reference provided that such

item is contained in the public offering statement and the

Administrator so allows.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.