Okla. Stat. tit. 46, § 46-315: Duties and liabilities of financial institutions

A. A financial institution shall not be required to:

1. Designate an account as a home buyer savings account, or

designate the qualified beneficiaries of an account, in the

financial institution's account contracts or systems or in any other

way;

2. Track the use of money withdrawn from a home buyer savings

account;

3. Allocate funds in a home buyer savings account among joint

account holders or multiple qualified beneficiaries; or

4. Report any information to the Oklahoma Tax Commission or any

other governmental agency that is not otherwise required by law.

B. A financial institution is not responsible or liable for:

1. Determining or ensuring that an account satisfies the

requirements to be a home buyer savings account;

2. Determining or ensuring that funds in a home buyer savings

account are used for eligible costs; or

3. Reporting or remitting taxes or penalties related to the use

of a home buyer savings account.

C. Upon being furnished proof of the death of the account

holder and such other information required by the contract governing

the home buyer savings account, a financial institution shall

distribute the principal and accumulated interest or other income in

the account in accordance with the terms of the contract governing

the account.