Oklahoma · 46 O.S. §301Oklahoma old mortgages: when an unreleased lien stops counting

Beginning November 1, 2001, no action to foreclose or otherwise enforce an Oklahoma mortgage, contract for deed or deed of trust may be brought more than seven years after the last maturing obligation it secures falls due, and the instrument ceases to be a lien, unless the holder records a written notice of extension within the seven years (46 O.S. §301(B)); before that date the period was ten years (§301(A)). When the due date of the last maturing obligation can't be found in the recorded terms, the limit is thirty years from recording unless the holder records a notice of maturity date within that time (§301(C)). Each notice must show the recording date, book and page and legal description of the property, and the extended time or maturity date, verified by oath and acknowledged by the holder, and is recorded with the county clerk where the mortgage is recorded (§301(D), (F)). A mortgage, contract for deed or deed of trust barred under the section isn't a defect in determining marketable record title, and the section doesn't revive a lien that had already expired (§301(E), (G)).