Transfer-on-death deeds; requiring certain notice on certain form. Effective date.

SB 1643 amends Oklahoma law to require a specific notice on transfer-on-death (TOD) deed forms, directly affecting property owners using TOD deeds and their designated beneficiaries. The bill mandates that the form include a clear warning stating beneficiaries can be notified that the deed is revocable at any time, even if consideration was paid. Key provisions require owners to include this notice when creating the deed and set a nine-month deadline for beneficiaries to record documents after the owner's death to claim the property. If not recorded within nine months, the property reverts to the owner’s estate. The bill takes effect November 1, 2026.