Oklahoma § 62-493 - One year deferment on certain foreclosure actions
Full text of Oklahoma Oklahoma Statutes § 62-493 — One year deferment on certain foreclosure actions, with citation guidance and answers to common questions.
§ 62-493. One year deferment on certain foreclosure actions
There is hereby declared a period of deferment of not longer
than one (1) year from the date of the enactment of this act, during
which time the Federal Land Bank of Wichita and any Federal Land
Bank Association are prohibited from initiating a foreclosure action
in the courts of this state. However, nothing in this act shall
prohibit the Capital Corporation from initiating a foreclosure
action from and after this date so long as the Capital Corporation
Oklahoma Statutes - Title 62. Public Finance
has determined that the loan or loans held by the borrower or
borrowers are ineligible for restructuring assistance.
Added by Laws 1986, c. 188, § 2, emerg. eff. May 21, 1986.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 62-493
What does Oklahoma Statutes § 62-493 cover?
Section 62-493 ("One year deferment on certain foreclosure actions") 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 § 62-493?
A common citation format is "Oklahoma Statutes § 62-493" (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 § 62-493 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.