Oklahoma is Now a Title-Holding State (2024)

Oklahoma is Now a Title-Holding State (1)

Effective July 1st, 2022, Oklahoma became a title-holding state for all vehicles, boats, and motors that are issued a title. We are here to help you stay informed and understand the changes on this new title-holding requirement in sunny Oklahoma!

Who will this impact?

This will impact business and consumer customers who open a new vehicle loan and those needing to make updates to an existing title.

What does this mean?

  • Titles1 processed on or after July 1st, 2022 with an active lien2 will be held by lienholder.
  • Titles processed prior to July 1st, 2022 will remain valid until a new title action occurs (transfer, request for duplicate title, etc.)
  • Oklahoma will allow lienholders to submit lien documentation electronically and hold titles electronically.

As a result of transitioning to a title holding state, a few changes have been made to the face of the title. Oklahoma title stock has a pre-printed information field and currently lists the owner’s name and address on the top left.

If a vehicle is subject to a lien, all titles issued July 1st, 2022 and later will have the following:

  • A black bar placed over the pre-printed information field
  • Mailing Address of Lienholder
  • Lien Date and Lienholder Name
  • Name and Address of Owner

Learn More

If the vehicle is not subject to a lien, the title will have the following:

  • A black bar placed over the pre-printed information field
  • Mailing Address of Owner
  • Name and Address of Owner

Learn More

How will it impact you?

No need to worry! There are no major impacts that require you to act. We’ve got you covered!

If you have any questions or concerns, you may contact our 24-hour customer care team via our website chat feature at Firstunitedbank.com or by calling (800) 924-4427. As always, the team at your local First United Bank location is available to help.

  1. All programs subject to credit approval and loan amounts are subject to creditworthiness. Some restrictions may apply. The term, amount, interest rate and repayment schedule for your loan, and any product features, including interest rate locks, may vary depending on your creditworthiness and on the type, amount and collateral for your loan.
  2. A lien on a car is a safeguard for the lender or other interested party. When you take out the financing, a lien is created, which is the lender's legal right to possession of the vehicle until the debt is repaid. Contact your local loan officer for more information.

By First United Bank

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Oklahoma is Now a Title-Holding State (2024)

FAQs

Oklahoma is Now a Title-Holding State? ›

As of July 1, 2022 Oklahoma is a title holding state. Once the Oklahoma title is issued, the title will be held by the lienholder if there is an active lien. Beginning November 1, 2023, the title will be held by the state electronically. Paper documents shall be accepted and maintained through June 30, 2025.

Why are Oklahoma titles taking so long? ›

“The Oklahoma Tax Commission has implemented a priority print schedule in an effort to pre-empt any title shortages due to supply chain issues later this year. Most titles are printing 8-12 weeks after the application for title is processed.

Can you sell a car in Oklahoma without a title? ›

Oklahoma law requires a negotiable certificate of title properly assigned to the new owner(s) for all vehicle ownership transfers.

How long does it take to get title Oklahoma? ›

Q ;How long does it take to receive my new title? All titles are mailed via USPS from a central processing site two business days after they are processed. A good rule of thumb is 5-7 working days from the date of processing by our agency.

Can I get a title with a bill of sale in Oklahoma? ›

Oklahoma Car (Vehicle) Bill of Sale

A bill of sale isn't enough to transfer vehicle ownership alone. However, a bill of sale can be necessary to officially transfer the title.

Does Oklahoma hold your title? ›

As of July 1, 2022 Oklahoma is a title holding state. Once the Oklahoma title is issued, the title will be held by the lienholder if there is an active lien. Beginning November 1, 2023, the title will be held by the state electronically. Paper documents shall be accepted and maintained through June 30, 2025.

What does a black mark on a title mean in Oklahoma? ›

Oklahoma title stock has a pre-printed information field and currently lists the owner's name and address on the top left. If a vehicle is subject to a lien, all titles issued July 1st, 2022 and later will have the following: A black bar placed over the pre-printed information field.

Can you tag a vehicle in Oklahoma without a title? ›

Please note, we can register your car in Oklahoma without a title and only your out of state registration, however, you will not receive your Oklahoma title until you submit your car title from the previous state in which you lived.

What is Title 42 in Oklahoma? ›

42 will complete all required information that must be filed to obtain a registration and title. This process is used for abandoned property on your land or as a mechanics lien for business owners with signed work orders and the owner fails to return without payment for your services.

How much does a lost title cost in Oklahoma? ›

There shall be a replacement fee of Eleven Dollars ($11.00) for such duplicate title. One Dollar ($1.00) of each such fee shall be deposited in the Service Oklahoma Reimbursem*nt Fund.

Which states are title holding states? ›

Here are the states that allow you to possess the physical title with a lien:
  • Kentucky.
  • Maryland.
  • Michigan.
  • Minnesota.
  • Missouri.
  • Montana.
  • New York.
  • Oklahoma.
Feb 6, 2023

What is the new tag law in Oklahoma? ›

A new law is changing how much time Oklahomans have to replace their paper tags with metal plates. Paper tags will only be good for 10 days after buying or transferring a vehicle, instead of two months.

What is a green Oklahoma title? ›

There are several types of certificates of title to a vehicle. They include a green title, which is the type you will normally see, an orange title, which is for a "rebuilt" vehicle, a red title for a salvage vehicle, and a blue title for a "junk" vehicle.

What is form 773 in Oklahoma? ›

This notice of transfer is an optional form that serves only as a notification to Service Oklahoma of the assignment of ownership of the described vehicle.

Can you register a car with a salvage title in Oklahoma? ›

If a motor vehicle with a salvage title is placed in operative condition, application shall be made to Service Oklahoma or a licensed operator for a rebuilt title. A visual inspection of the vehicle and examination of the vehicle identification numbers shall be conducted prior to the issuance of a rebuilt title.

How much will my tag tax and title cost in Oklahoma? ›

Title Fees
1st through 4th year of registration$96.00
5th through 8th year of registration$86.00
9th through 12th year of registration$66.00
13th through 16th year of registration$46.00
59 more rows

How long does it take to get a title 42 in Oklahoma? ›

How long does a Title 42 take in Oklahoma? This procedure is called a Court Ordered Title Approval and can be completed in about 2 weeks depending on holidays.

How do I get a title after paying off my car loan in Oklahoma? ›

However, if you wish a new title to be issued reflecting that the lien is no longer active, you may take your lien release and title to Service Oklahoma Licensing Office on N Classen in Oklahoma city or a Licensed Operator. A new title, without the lien listed, will be processed for a title fee of $11.00.

How hard is it to get a lost title in Oklahoma? ›

To apply for a duplicate Oklahoma title, a Form 701-7 - Application for Duplicate Certificate of Title for Vehicle/Boat/Motor must be completed and submitted to Service Oklahoma or any Licensed Operator. For current Oklahoma tax forms, visit the Forms page. If a vehicle has a lien, the title will go to the leinholder.

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