Okla. Stat. tit. 74, § 74-5063.4e
This is the official text of Okla. Stat. tit. 74, § 74-5063.4e, part of Oklahoma’s Stat. tit. 74, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 74,." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Coinsurers
Official statutory text
In addition to its other powers and except as applied to Section
5063.4d of this title, the Oklahoma Development Finance Authority
may select a coinsurer to insure a percentage of each loan in a pool
or in the portfolio of loans for which Credit Enhancement Reserve
Fund-backed bonds have been or may be issued, provided that the
Authority may also select a coinsurer to insure individual nonpooled
loans should such loans be credit enhanced or supported by the
Credit Enhancement Reserve Fund. The Authority may contract to pay
losses up to a stated limit and permitting principal reductions to
be applied to reduce the liability of the coinsurer until its
liability is extinguished.
5063.4d of this title, the Oklahoma Development Finance Authority
may select a coinsurer to insure a percentage of each loan in a pool
or in the portfolio of loans for which Credit Enhancement Reserve
Fund-backed bonds have been or may be issued, provided that the
Authority may also select a coinsurer to insure individual nonpooled
loans should such loans be credit enhanced or supported by the
Credit Enhancement Reserve Fund. The Authority may contract to pay
losses up to a stated limit and permitting principal reductions to
be applied to reduce the liability of the coinsurer until its
liability is extinguished.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
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.