Oklahoma Administrative Code › Title 260 - Office of Management and Enterprise Services › Chapter 135 - Service Oklahoma › Subchapter 7 - Motor Vehicle › Part 35 - CERTIFICATES OF TITLE › Section 260:135-7-185 - Original certificate of title

Current through Vol. 41, No. 20, July 1, 2024
(a)
Completed
				  application required.
An application for Oklahoma Certificate of Title
				  must be completed and forwarded to Service Oklahoma upon application for an
				  original Oklahoma title.
(b)
Manufacturer's statement of origin.
A Manufacturer's Statement of
				  Origin (MSO) must accompany the title to a vehicle which has never been titled
				  or registered. If no MSO has yet been provided to the owner at time of initial
				  title application, an original Oklahoma title may be placed on document hold
				  upon presentation of ownership documentation acceptable to Service Oklahoma,
				  such as a completed contract of sale from the selling dealership.
(c)
Out-of-state titles; negotiable
				  titles; memorandum titles.
When issuing an original title from an
				  out-of-state title to the individual whose name appears on the face, all
				  information must be correctly transcribed from the out-of-state title. When
				  presented with any document other than a negotiable out-of-state title, the
				  Oklahoma title will be placed on document hold and not be released until the
				  negotiable out-of-state title is surrendered. When the Oklahoma title is to be
				  placed on document hold, the applicant is to be asked whether the vehicle is
				  subject to any lien and, if so, is to complete an affidavit outlining the
				  lienholder information. When an out-of-state title is submitted reflecting a
				  secured party, the lien will be carried forward to the Oklahoma record, as
				  outlined in OAC
				  260:135-7-228. If the negotiable
				  out-of-state title is being held by the secured party, the owner of the vehicle
				  shall file an affidavit with Service Oklahoma or the licensed operator stating
				  that title to the vehicle is being held by a secured party and has not been
				  issued pursuant to the laws of the state where titled, and that there is an
				  existing lien or encumbrance on the vehicle. The current name and address of
				  the secured party or lienholder shall also be stated in the affidavit. The form
				  of the affidavit shall be prescribed by Service Oklahoma. In most instances,
				  negotiable titles are those containing ownership assignment sections. Lack of
				  assignments ordinarily indicates the title is non-negotiable.
(d)
Assigned or reassigned out-of-state
				  titles.
An out-of-state title which has been properly assigned or
				  reassigned is acceptable ownership documentation to qualify for issuance of an
				  original Oklahoma title. Notarization is required on any assignment completed
				  in a state that requires such notarization.
(e)
Title issued only to
				  assignee.
Owner name must match the title assignment exactly. If there
				  is an active lien, title will be issued to the lienholder until such time as
				  the lien has been paid off and a lien release is provided. Titles without liens
				  shall be issued to the registered owner.
(f)
Actual sales price.
The
				  actual sales price, commonly referred to as "purchase price", is required for
				  any vehicle on which an Oklahoma title is to be issued and excise tax and/or
				  sales tax collected. The documentation described in this subsection is required
				  to establish the actual sales price:
(1) For
				  new vehicles, a purchase contract or bill of sale from the selling dealer will
				  be required.
(2) For used vehicles,
				  a purchase contract or bill of sale will be required. If neither of these
				  documents is available, a "Declaration of Vehicle Purchase Price" must be
				  completed by the purchaser. The vehicle purchase price indicated by the
				  purchase contract, bill of sale or Declaration of Vehicle Purchase Price is the
				  amount to be utilized for purposes of calculation of motor vehicle excise and
				  sales taxes even under circumstances when a different amount has been entered
				  in the vehicle assignment portion of the certificate of title.
(3) A purchase contract or bill of sale
				  offered only to establish the actual sales price pursuant to this subsection,
				  and not to convey ownership, need not be notarized.