{"data":{"id":"us-ok/okla.-stat.-tit.-12-12-63","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12, § 12-63","heading":"Real estate mortgage as bond","body":"In every instance in this state where bond, indemnity or\n\nguaranty is required, a first mortgage upon improved real estate\n\nwithin this state shall be accepted: Provided, that the amount of\n\nsuch bond, guaranty or indemnity shall not exceed fifty percent\n\n(50%) of the reasonable valuation of such improved real estate,\n\nexclusive of all buildings thereon; Provided, further, that where\n\nthe amount of such bond, guaranty or indemnity shall exceed fifty\n\npercent (50%) of the reasonable valuation of such improved real\n\nestate, exclusive of all buildings, then such first mortgage shall\n\nbe accepted to the extent of such fifty percent (50%) valuation.","path":["OK Code","Title 12"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os12.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"d1b2c11335120671d180a1cef4ebca50b8b87ba9022d7c5dc1b53f18400fb838","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12-12-624","next":"us-ok/okla.-stat.-tit.-12-12-630"},"notice":"GroundRules: Original legal text. Not legal advice."}