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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 74, § 74-5063.4c: Security requirements

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Where this section sits in the code
  1. OK Code
  2. Title 74

Except as otherwise provided in Section 6 of this act, at the

time of loan origination, the Oklahoma Development Finance Authority

shall require such security from the applicant as it deems necessary

in the circumstances of the insurance commitment. Except for the

infrastructure and other publicly owned facilities of governmental

entities and Quality Jobs Investment Program portfolio mix

categories, such security will include, but not be limited to:

1. A first mortgage or coordinate first mortgage on real

property, facilities or systems and fixtures located thereon; or

2. A second mortgage on real property, facilities or systems

and fixtures located thereon, provided the amount thereof may not

exceed One Million Dollars ($1,000,000.00).

Collected 2026-09-14T18:32:36Z. Source file · JSON

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