Online auctions; prohibiting charging of buyer's premium; requiring certain nonelectric option for certain bidders; authorizing certain use of online auction marketplace. Emergency.
SB 974 prohibits charging a buyer's premium (a fee added to winning bids) in Oklahoma sheriff's sales of property conducted online. It requires specific notice for online auctions, including the internet address and bid times, and mandates a non-electronic bidding option for certain bidders. The bill authorizes sheriff's offices to use online auction marketplaces for property sales while updating statutory language to be gender-neutral. It directly affects sheriffs, online auction platforms, and bidders in debt-collection property sales, with an emergency designation to take effect immediately.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 3, 2025
Last action Mar 4, 2025
Maddy AI version diff · 2 comparisons
What changed between versions
Committee Substitute
→
Floor (Senate)
·
3 edits
MINOR
The bill was converted from a Committee Substitute version to the Senate Floor version, updating the bill number sponsors, and reformatting the text for floor consideration. The substantive legislative content regarding online auction regulations remains unchanged.
TECHNICAL
Bill header updated to reflect Senate Floor Version with new date (February 27, 2025) and revised sponsor attribution to include Guthrie of the Senate.
Page numbering and formatting were reorganized to match Senate Floor document standards, including removal of 'Committee Substitute' designation.
Section headers and page footers were reformatted to indicate Senate Floor Version status while preserving all original statutory amendment language.
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
1
Committee
1
Feb 27, 2025
Upper · Passed
Reported Do Pass, amended by committee substitute Business and Insurance committee; CR filed
upper
Feb 3, 2025
Introduced
First Reading
upper
2 primary · 0 co-sponsors
Sponsors
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