Property; definitions; hedge fund; single-family residential property; divestment; effective date.

HB 1064 prohibits hedge funds and their subsidiaries from acquiring or holding title to single-family residential properties in Oklahoma. It requires any hedge fund currently owning such property to sell it within 10 years of the law's effective date (November 1, 2025), with the sale restricted to non-hedge fund buyers. The law defines "hedge fund" to exclude pension funds, banks, and insurance companies but includes entities exempt from federal securities regulation under Regulation D. This bill directly affects hedge funds operating in Oklahoma's residential real estate market by limiting their ownership and mandating divestment.