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§ 64.Valuation of Real Estate

Chapter 2: General Provisions · Not amended since adoption on record · Last verified August 3, 2026

In one sentenceSection 64 requires the officer accepting a real-estate mortgage as a bond to get affidavits from two local freeholders familiar with land values, and lets that officer personally administer the oaths and take the affidavits.

Full Text of § 64

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The officer, whose duty it is to accept and approve such bond, guaranty or indemnity shall require the affidavits of two freeholders versed in land values in the community where such real estate is located to the value of such real estate. Said officer shall have the authority to administer the oaths and take said affidavits.

Amendment History

R.L. 1910, § 5345.

Plain-English Summary

Section 64 fills in how the real estate offered under Section 63 gets valued. The officer responsible for accepting and approving the mortgage, guaranty, or indemnity must obtain affidavits from two freeholders who know land values in the community where the property sits.

The same officer has the authority to administer the oaths and take those affidavits directly, without sending the freeholders to a separate notary or court official.

Frequently Asked Questions

Who values the real estate offered as a mortgage-bond under Section 63?

Two freeholders who are versed in land values in the community where the property is located, by affidavit.

Can the officer accepting the bond administer the oath for these valuation affidavits?

Yes, the section gives that officer the authority to administer the oaths and take the affidavits.

What happens if one of these valuation affidavits turns out to be false?

Section 65 makes a willfully false valuation affidavit perjury, and makes an officer who knowingly accepts a false one guilty of subornation of perjury.

Source & verification. Section text is reproduced verbatim from Title 12 of the Oklahoma Statutes, enacted by the Oklahoma Legislature. Last verified August 3, 2026. · Official source
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