As used in this act: 1. "Code enforcement director" means an employee of a municipality who is tasked by the municipal governing body with the enforcement of state law or local ordinances related to the condition of real property within the jurisdiction of the municipality; 2. "Interested party" means: a. the person who last appears as owner of the real property in the county records, b. the current mortgagee of record of the property or assignee of record of the mortgagee, c. the current holder of a beneficial interest in a deed of trust recorded against the real property, d. a tax certificate holder, or e. any party having an interest in the real property, or in any part thereof, legal or equitable, in severalty or as tenant in common, whose identity and address are reasonably ascertainable from the records of the municipality or records maintained in the county records or as revealed by a full title search, consisting of fifty (50) years or more. An interested party shall not include the holder of the benefit of an easement which burdens the real property, the holder of the benefit or burden of a real covenant which burdens the real property, or the holder of the benefit of a utility easement which burdens the real property; 3. "Minimum bid price" means the price that equals the redemption amount; 4. "Municipal code lien" means any lien that has been levied against real property by a municipality that is the result of the nonpayment of any fine, penalty, abatement cost, or enforcement cost incurred by a municipality related to the enforcement of state or local housing and building codes. Such lien shall include only those liens which arise out of a failure to comply with any law of the State of Oklahoma, or from the failure to comply with a municipality's ordinances or resolutions. A municipal code lien shall not include any lien that has previously been certified to the tax collector of the county for inclusion on the property tax bill associated with the real property; 5. "Municipal code lien payoff" means the principal amount of a municipal code lien, interest accrued at the rate of seven and one- half percent (7.5%) per annum from the date the municipal code lien was filed in the office of the county clerk, any fees or costs incurred in the collection of such a lien under this act including, without limitations, the cost of title examinations and publication of notices, and any other penalties allowable under either the laws of the State of Oklahoma or under an ordinance or resolution enacted by the municipality; 6. "Owner-occupied" means real property that is lawfully occupied as a principal residence that is any of the following: a. a homestead as described in Section 2888 of Title 68 of the Oklahoma Statutes, b. exempt from ad valorem taxation under Sections 2904 through 2911 of Title 68 of the Oklahoma Statutes, and c. eligible for the designations listed in subparagraph a or b or this paragraph, but which has not yet been granted such designation and which is lawfully occupied by the family of a deceased individual; 7. "Redemption amount" means the sum of: a. the full amount of the municipal code lien payoff for each municipal code lien on which the municipality is seeking to foreclose under this act, and b. any tax payoff that may be applicable to the property on which the municipality is seeking to foreclose under this act; 8. "Taxes" means those taxes assessed against real property by either the State of Oklahoma, the county in which the real property is situated, or the municipality that are delinquent as of the date a proceeding under this act is commenced or at any time before final resolution of the same, and shall also include any taxes assessed against real property that are unpaid from any previous year and any amounts required for redemption. As provided in Section 3103 of Title 68 of the Oklahoma Statutes, a lien for taxes shall be superior to all other liens, including municipal code liens; 9. "Tax certificate holder" means any of the following: a. a tax sale purchaser who holds a certificate of purchase, b. the state, where it has accepted and recorded a certificate of purchase obtained at a tax sale, c. any party to which a certificate of purchase obtained at a tax sale has been assigned, or d. the purchaser or assignee of a tax lien certificate; and 10. "Tax payoff" means all amounts necessary to satisfy any claims for delinquent taxes assessed against the real property on which the municipality is seeking foreclosure under this act. Those amounts shall include: a. if the taxes associated with the property are delinquent, but the property has not yet been sold for taxes, the full amount of delinquent taxes, costs, fees, and charges due to the county tax collector, b. if the property has been sold for taxes to either the state or to a party other than the state, those amounts required for redemption, except for when a municipality is the prevailing bidder, the tax payoff amount shall be the lesser of these amounts, and c. if a tax lien has been sold by a county, the amount required for redemption.
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