LEGAL update   643 N.E. 41st   Oklahoma City, OK 73105   Phone: 405-424-5252   Toll free: 866-424-5252   Fax: 405-424-4518 ccompliance@oba.com www.oba.com   WE MAKE BANKERS BETTER   June 2026 The “Authorized” Fraud Dilemma in Real-Time Payments Update to May Article re: Interim Final Order Changes in Uniform Consumer Credit Code Amounts effective 7/1/26 By Scott Thompson  The “Authorized” …

“I received a garnishment…” By Pauli D. Loeffler Receipt of a garnishment summons means the bank is potentially liable: a) to the customer if it freezes funds when it shouldn’t or b) to the creditor if it fails to freeze funds when it should. For that reason, I get a lot of calls and emails regarding garnishments, and it seems …

April 2026 OBA Legal Briefs By Scott Thompson First in Time, First in Right? Lien Priority Disputes Between Lenders and M&M Lienholders Introduction For commercial lenders in Oklahoma, few words induce as much anxiety as “mechanic’s lien.” In the complex world of construction financing, the security of a bank’s mortgage is paramount. A lender generally assumes that by recording a …

LEGAL update   643 N.E. 41st Oklahoma City, OK 73105 Phone: 405-424-5252 Toll free: 866-424-5252 Fax: 405-424-4518 compliance@oba.com www.oba.com   WE MAKE BANKERS BETTER March 2026       “We received guardianship documents…” By Pauli D. Loeffler First things first Where are the Oklahoma guardianship statutes? Unless indicated otherwise in this article, citations are to Title 30 of the Oklahoma …

February 2026     The Uniform Mortgage Modification Act By Scott Thompson The Uniform Mortgage Modification Act (UMMA), approved by the Uniform Law Commission (ULC) in 2024, represents a significant attempt in modernizing real estate backed financing. Designed to bring clarity and predictability to the process of modifying both residential and commercial mortgages, the Act provides a vital “safe harbor” …

GAO’s Green Book has been updated effective fiscal year 2026 The Judicial Erosion of Federal Preemption: National Association of Industrial Bankers v. Weiser and the DIDMCA Opt-Out The OBBBA Auto Interest Provisions GAO’s Green Book has been updated effective fiscal year 2026 By Pauli Loeffler Standards for Internal Control in the Federal Government—known as the Green Book—sets the standards for …

GAO’s Green Book has been updated effective fiscal year 2026 The Judicial Erosion of Federal Preemption: National Association of Industrial Bankers v. Weiser and the DIDMCA Opt-Out The OBBBA Auto Interest Provisions GAO’s Green Book has been updated effective fiscal year 2026 By Pauli Loeffler As we enter what I refer to as “Tax Season,” banks need to prepare for …

October 2025 Legal Briefs Oklahoma Revocable Trust Law: Oklahoma Trust Act vs. Oklahoma Uniform Trust Code  By Scott Thompson This article compares Oklahoma’s current legal framework for revocable trusts, primarily under the Oklahoma Trust Act, against the provisions of House Bill 1850 (“HB 1850”), which enacted the Oklahoma Uniform Trust Code (“OUTC”), now codified at 60 O.S. § 1601.1 et …

Pennies By Pauli Loeffler I have gotten numerous questions from bankers regarding guidance as these coins will be phased out.  I had one banker tell me that she had heard that “rounding” down was not acceptable.  When I asked the source of this information, she had received it by word of mouth. I found nothing to support this assertion and …

The GENIUS 0Act and the Stable Coin ERA Oklahoma’s corporations law Consumer Credit Code (“U3C”) Surcharges The GENIUS ACT and the Stable Coin ERA By Scott Thompson The passage of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) represents a potential defining moment for the traditional American financial system. This landmark legislation has officially brought stablecoins—digital …