{"data":{"id":"us-ok/okla.-stat.-tit.-71-71-625","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 71, § 71-625","heading":"Application for registration","body":"Application for registration of subdivided land shall be filed\n\nwith the Administrator in such form as the Administrator may\n\nrequire. The application shall contain the following information\n\nand shall be accompanied by the following documents and exhibits, in\n\naddition to the information which may be required by the\n\nAdministrator pursuant to subsection E of Section 627 of this title,\n\nthe consent to service of process required by subsection A of\n\nSection 664 of this title, and the fees required by Section 652 of\n\nthis title. To the extent that the information required below is\n\nincluded in filings submitted to and approved by the Consumer\n\nFinancial Protection Bureau, or its successors, such filing will be\n\naccepted in lieu of a separate state filing:\n\n1. The subdivider's name and address, form of business\n\norganization, date and jurisdiction of its organization and name and\n\naddress of each of its offices and agents in this state;\n\n2. The name, address, and principal occupation for the past\n\nfive (5) years of every director, officer or partner of the\n\nsubdivider or other person occupying a similar position or\n\nperforming similar functions, as well as for each owner of ten\n\npercent (10%) or more of the equity of the subdivider; the extent\n\nand nature of the interest of each of the foregoing persons in the\n\nsubdivider and in the subdivided lands as of a date specified by the\n\nAdministrator within thirty (30) days of filing of the application\n\nfor registration;\n\n3. If any person named in paragraph 2 of this section has been\n\ndisciplined, debarred, censured, or suspended by any governmental\n\nbody or agency or convicted by any court for violation of a federal,\n\nstate, or local law or regulation in connection with activities\n\nrelating to land sales, land investment, securities sales or\n\nregistration, construction or sale of homes or home improvements, or\n\nany other similar or related activity, a summary of the facts\n\nrelating thereto;\n\n4. If any person named in paragraph 2 of this section has,\n\nduring the past thirteen (13) years, filed a petition in bankruptcy\n\nor has had an involuntary petition in bankruptcy filed against the\n\nperson, or has been an officer, director, or controlling person of a\n\nbusiness entity which has become insolvent or has voluntarily or\n\ninvoluntarily filed in bankruptcy, a summary of the facts relating\n\nthereto;\n\n5. The states or jurisdictions in which an application for\n\nregistration or similar document have been filed including a copy of\n\nany filing with the United States Securities and Exchange Commission\n\nor the Consumer Financial Protection Bureau or the successors of\n\neither, and a copy of any adverse order, judgment, order permitting\n\nwithdrawal, or decree of any court or regulatory authority in\n\nconnection with the offering of subdivided lands;\n\n6. A legal description of the subdivided lands and the recorded\n\nplat thereof, together with a map showing the division proposed to\n\nbe made, the dimensions of the lots, and the relation of the\n\nsubdivided lands to existing streets, roads, and other off-site\n\nimprovements, all verified by affidavit of an independent\n\nprofessional land surveyor and a topographical map;\n\n7. A statement in a form acceptable to the Administrator of the\n\ncondition of title to the land comprising the lots in this offering\n\nand any common areas or facilities related to or included in this\n\noffering including a description of all encumbrances, easements,\n\ncovenants, conditions, reservations, limitations, or restrictions\n\napplicable thereto. This requirement may be met by submission of\n\nevidence of title in the form of a legal opinion, stating the\n\ncondition of title, prepared and signed by an attorney at law who is\n\nexperienced in the examination of titles, a member of the Bar\n\nAssociation of the state in which the property is located and who is\n\nnot a salaried employee, partner, officer, or director either of the\napplicable thereto. This requirement may be met by submission of\n\nevidence of title in the form of a legal opinion, stating the\n\ncondition of title, prepared and signed by an attorney at law who is\n\nexperienced in the examination of titles, a member of the Bar\n\nAssociation of the state in which the property is located and who is\n\nnot a salaried employee, partner, officer, or director either of the\n\nsubdivider or of any of its agents or affiliates; or by any other\n\nevidence of title acceptable to the Administrator;\n\n8. Copies of the instruments by which the subdivider's interest\n\nin the subdivided land was acquired or, if required by the\n\nAdministrator, proof of marketable title to the subdivided lands;\n\n9. A statement and such additional assurance as the\n\nAdministrator may require that the subdivider can convey or cause to\n\nbe conveyed to the purchaser, upon compliance with the terms of the\n\noffer, the interest offered in the subdivided lands;\n\n10. Copies of instruments which will be delivered to the\n\npurchaser to evidence interest in the subdivided lands and copies of\n\nthe contracts or other agreements which a purchaser will be required\n\nto agree to or sign in connection with the offer or disposition,\n\ntogether with the range of selling prices, rates or rentals at which\n\nit is proposed to dispose of the lots, and a list of fees the\n\npurchaser may be required to pay for membership in groups including,\n\nbut not limited to, homeowners' associations, country clubs, golf\n\ncourses, and other community organizations associated with the\n\nsubdivision, together with the description of any qualifications for\n\nor restrictions on membership in any of the foregoing;\n\n11. A legal description of any lien or encumbrance affecting\n\nthe subdivision or any portion thereof and a statement in a form\n\nacceptable to the Administrator of the efforts made or to be made to\n\nremove such lien or encumbrance and the consequences to the\n\npurchasers of the success or failure of the efforts to remove such\n\nlien or encumbrance;\n\n12. A summary of any easements or restrictions affecting any of\n\nthe subdivided lands and copies of any instruments creating,\n\naltering, or removing such easements or restrictions;\n\n13. Evidence and a statement thereof, in a form satisfactory to\n\nthe Administrator, indicating compliance with the zoning and other\n\ngovernmental laws, ordinances, and regulations affecting the use of\n\nthe subdivided lands and adjacent properties, together with dates of\n\nthe most recent zoning or jurisdictional changes, the nature\n\nthereof, any proposed changes now pending or known to be\n\ncontemplated, and any existing or proposed taxes, special taxes,\n\nassessments, or levies of a similar nature affecting any of the\n\nsubdivided land;\n\n14. Evidence and a statement thereof, in a form satisfactory to\n\nthe Administrator, indicating compliance with the requirements of\n\nfederal, state and local governments or agencies or\n\ninstrumentalities thereof which have authority to regulate or issue\n\npermits or licenses which may have a material effect on the\n\nsubdivider's plans with respect to the proposed subdivision, its\n\nfacilities, common areas or improvements, specifically including\n\nenvironmental protection agencies and required environmental impact\n\nstatements. If any permit, license, or approval of any of the\n\nforegoing has been refused or conditioned, a summary of the reasons\n\ntherefor and the effect on the proposed subdivision shall also be\n\nincluded;\n\n15. A description of the land as it existed prior to any\n\nchanges in connection with the proposed subdivision and any changes\n\nwhich have occurred or are contemplated in connection with the\n\nproposed subdivision;\n\n16. A statement, in a form suitable to the Administrator, of\n\nthe existing provisions for access to the subdivision, the\n\navailability of sewage disposal facilities and other public\n\nutilities including, but not limited to, water, electricity, gas and\nin connection with the proposed subdivision and any changes\n\nwhich have occurred or are contemplated in connection with the\n\nproposed subdivision;\n\n16. A statement, in a form suitable to the Administrator, of\n\nthe existing provisions for access to the subdivision, the\n\navailability of sewage disposal facilities and other public\n\nutilities including, but not limited to, water, electricity, gas and\n\ntelephone facilities, the proximity in miles of the subdivision to\n\nnearby municipalities, the availability and scope of community fire\n\nand police protection, the location of primary and secondary\n\nschools, the improvements installed or to be installed including\n\noff-site and on-site community and recreational facilities, the\n\npersons who are to install, maintain and pay for such improvements,\n\nand the estimated schedule for completion;\n\n17. If required by the Administrator's rule or order, a\n\nperformance or completion bond to assure that planned improvements\n\nwill be completed, in a form suitable to the Administrator;\n\n18. Such financial statements of the subdivider as the\n\nAdministrator may require;\n\n19. A narrative description of the promotional plan for the\n\ndisposition of the subdivided lands, together with duplicate copies\n\nof all advertising material which has been prepared for public\n\ndistribution. The subject matter of advertising material which is\n\npictorial in nature shall be limited to a depiction of the actual\n\non-site conditions of the subdivided lands as of the date of the\n\nfiling of the material. No advertising shall be used until a copy\n\nthereof has been allowed for use by the Administrator or a person\n\nauthorized by the Administrator as provided in Section 653 of this\n\ntitle;\n\n20. One copy of the proposed public offering statement prepared\n\nin accordance with Section 626 of this title; and\n\n21. Such additional information or exhibits as the\n\nAdministrator may require.\n\nAny of the items required under this section may be incorporated\n\nin the application for registration by reference provided that such\n\nitem is contained in the public offering statement and the\n\nAdministrator so allows.","path":["OK Code","Title 71"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os71.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"fbc0c9e8b595ae6619ed160dc46931d18574175deb9012ec59ba63942526c25d","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-71-71-624","next":"us-ok/okla.-stat.-tit.-71-71-626"},"notice":"GroundRules: Original legal text. Not legal advice."}