Oklahoma § 12-63 - Real estate mortgage as bond
Full text of Oklahoma Oklahoma Statutes § 12-63 — Real estate mortgage as bond, with citation guidance and answers to common questions.
§ 12-63. Real estate mortgage as bond
In every instance in this state where bond, indemnity or
guaranty is required, a first mortgage upon improved real estate
within this state shall be accepted: Provided, that the amount of
such bond, guaranty or indemnity shall not exceed fifty percent
(50%) of the reasonable valuation of such improved real estate,
exclusive of all buildings thereon; Provided, further, that where
the amount of such bond, guaranty or indemnity shall exceed fifty
percent (50%) of the reasonable valuation of such improved real
estate, exclusive of all buildings, then such first mortgage shall
be accepted to the extent of such fifty percent (50%) valuation.
R.L. 1910, § 5344.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 12-63
What does Oklahoma Statutes § 12-63 cover?
Section 12-63 ("Real estate mortgage as bond") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 12-63?
A common citation format is "Oklahoma Statutes § 12-63" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 12-63 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.