About This Book
Oklahoma Statutes Title 42, Chapter 3 (§§ 141–154) governs Mechanics and Materialmen's Liens, granting contractors, subcontractors, laborers, and material suppliers the right to place a security lien on real property when they have not been compensated for labor, equipment, or materials provided to improve that property.
Key Components of Chapter 3
Who Is Covered: Any party who performs labor, rents or leases equipment, or furnishes materials for the construction, alteration, or repair of a property is eligible. This includes professionals such as surveyors and architects, provided their services are directly tied to physical construction.
Filing Deadlines: Claimants must generally file a verified lien statement with the county clerk within four months (120 days) of the last date on which labor or materials were provided.
Pre-Lien Notice: Subcontractors and other non-original contractors are typically required to serve a preliminary notice on the property owner in order to preserve their right to claim a lien.
Discharge and Bonding: A property owner may discharge a recorded lien by depositing 125% of the lien amount with the county clerk or by posting a corporate surety bond in the same amount.
Trust Funds: Contract proceeds and funds received in connection with construction or remodeling projects are treated by law as trust funds, designated for the satisfaction of lienable claims.
Practice Tests Using This Book
This book is required or recommended for 4 licensing exams. We've written 14 practice questions directly from this material, each one citing the chapter and section it comes from.