{"data":{"id":"us-ok/okla.-stat.-tit.-59-59-858-603","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 59, § 59-858-603","heading":"Eligibility to recover from fund - Ineligibility","body":"A. Any claimant shall be eligible to seek recovery from the\n\nOklahoma Real Estate Education and Recovery Fund if the following\n\nconditions have been met:\n\n1. An action has been filed in district court based upon a\n\nviolation specified in the Oklahoma Real Estate License Code;\n\n2. The cause of action accrued not more than two (2) years\n\nprior to the filing of the action;\n\n3. At the commencement of an action, the party filing the\n\naction shall immediately notify the Commission to this effect in\n\nwriting and provide the Commission with a file-stamped copy of the\n\npetition or affidavit. Said Commission shall have the right to\n\nenter an appearance, intervene in, defend, or take any action it may\n\ndeem appropriate to protect the integrity of the Fund. The\n\nCommission may waive the notification requirement if it determines\n\nthat the public interest is best served by the waiver, that is to\n\nbest meet the ends of justice and that the claimant making\n\napplication made a good faith effort to comply with the notification\n\nrequirements;\n\n4. Final judgment is received by the claimant upon such action;\n\n5. The final judgment is enforced as provided by statute for\n\nenforcement of judgments in other civil actions and that the amount\n\nrealized was insufficient to satisfy the judgment; and\n\n6. Any compensation recovered by the claimant from the judgment\n\ndebtor, or from any other source for any monetary loss arising out\n\nof the cause of action, has been applied to the judgment awarded by\n\nthe court.\n\nB. A claimant shall not be qualified to make a claim for\n\nrecovery from the Oklahoma Real Estate Education and Recovery Fund,\n\nif:\n\n1. The claimant is the spouse of the judgment debtor or a\n\npersonal representative of such spouse;\n\n2. The claimant is a licensee who acted in their own behalf in\n\nthe transaction which is the subject of the claim; or\n\n3. The claimant’s claim is based upon a real estate transaction\n\nin which the claimant is, through their own action, jointly\n\nresponsible for any resulting monetary loss with respect to the\n\nproperty owned or controlled by the claimant.","path":["OK Code","Title 59"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os59.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"2f82577e2feb533b983d6a337a4fcd4166dfe329fdb8a6db560b52190e371e3e","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-59-59-858-602","next":"us-ok/okla.-stat.-tit.-59-59-858-604"},"notice":"GroundRules: Original legal text. Not legal advice."}