HB1564 is scheduled to be heard on the House Floor today.
HB1564 prohibits the courts from extending the terms of tenancy and must grant possession immediately upon entry of judgement. The measure allows a landlord to immediately apply to the sheriff for enforcement of the right to possession upon the entry of a judgement. The measure limits the amount of a late payment fee to 15% of the monthly rent. The measure provides that the provisions in the Oklahoma Residential Landlord and Tenant Act are enforceable during a catastrophic health emergency.
There is some concern that Paragraph E, as written, could potentially eliminate the ability to collect any late fee on subsidized renters.
Please take a moment to review this bill to see if it affects your business. If you need to take action, please CLICK HERE to find your legislator.