Okla. Stat. tit. 74, § 74-5063.4c: Security requirements
Where this section sits in the code
- OK Code
- 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