Oklahoma § 16-11A - Constructive mortgage - Exemptions
Full text of Oklahoma Oklahoma Statutes § 16-11A — Constructive mortgage - Exemptions, with citation guidance and answers to common questions.
§ 16-11A. Constructive mortgage - Exemptions
All contracts for deed for purchase and sale of real property
made for the purpose or with the intention of receiving the payment
of money and made for the purpose of establishing an immediate and
continuing right of possession of the described real property,
whether such instruments be from the debtor to the creditor or from
the debtor to some third person in trust for the creditor, shall to
that extent be deemed and held mortgages, and shall be subject to
the same rules of foreclosure and to the same regulations,
restraints and forms as are prescribed in relation to mortgages. No
foreclosure shall be initiated, nor shall the court allow such
Oklahoma Statutes - Title 16. Conveyances
proceedings, unless the documents have been filed of record in the
county clerk's office, and mortgage tax paid thereon, in the amount
required for regular mortgage transactions. Provided, however,
mutual help and occupancy agreements executed by an Indian housing
authority created pursuant to Section 1057 of Title 63 of the
Oklahoma Statutes shall not be considered to be mortgages or
contracts for deed under the provisions of this section.
Amended by Laws 1983, c. 108, § 1, emerg. eff. May 12, 1983.
Frequently Asked Questions About Oklahoma § 16-11A
What does Oklahoma Statutes § 16-11A cover?
Section 16-11A ("Constructive mortgage - Exemptions") 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 § 16-11A?
A common citation format is "Oklahoma Statutes § 16-11A" (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 § 16-11A 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.