OK HB 2620 Passes House, Heads to Senate
On March 4, NewsOK published an article titled Oklahoma House Approves Measure to Ban City Vacant Property Registries.
Following is the aforementioned article.
Oklahoma House approves measure to ban city vacant property registries
The Oklahoma House passed a bill Tuesday to ban city registries for vacant property. The bill, supported by Realtors, was drafted after Oklahoma City officials created a registry of vacant local properties.
In brief
House OKs
property bill
The Oklahoma House passed a bill Tuesday to ban city registries for vacant property. House Bill 2620, pushed by a coalition led by the Oklahoma Association of Realtors, came in response to the Oklahoma City Council’s approval of such a registry late last year and other cities interested in regulating such property.
Rep. Steve Martin, R-Bartlesville, is the author.
The bill passed 68-23 and now goes to the Senate.
Realtors also are supporting a related bill, House Bill 3363 by Rep. Jon Echols, R-Oklahoma City, said Matt Robison, vice president of government affairs for the Oklahoma Association of Realtors. Echols’ bill would “better define abandoned and neglected property,” Robison said.
Oklahoma City estimated that there are 12,000 vacant or abandoned buildings in the city, and relied on a study that cited rundown houses and commercial buildings as an across-the-board drag on property values. The Realtors and others objected to fees associated with administering the registry, among other things.
Please click here to view the online article.
About Safeguard
Safeguard Properties is the largest mortgage field services company in the U.S. Founded in 1990 by Robert Klein and based in Valley View, Ohio, the company inspects and maintains defaulted and foreclosed properties for mortgage servicers, lenders, and other financial institutions. Safeguard employs approximately 1,700 people, in addition to a network of thousands of contractors nationally. Website: www.safeguardproperties.com.