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new law has taken effect in Oklahoma aimed at safeguarding consumers from unfair real estate agreements. Joy McGill, State Director of Advocacy for AARP, discussed the legislation with News On 6. The law targets predatory practices where real estate brokers lure people into long-term contracts with excessive penalties and even liens on homes.

    McGill explained that AARP had been monitoring these unfair agreements nationwide, which often enticed low-income individuals, including seniors, with cash advances. These agreements could last up to 40 years, making them unsustainable for many consumers. Oklahoma was the 20th state to pass such legislation, and McGill credited Representative Steve Bauer and Representative Coleman for their efforts in getting the bill passed.

    AARP played a key role in supporting this law, which received bipartisan backing in the Oklahoma legislature. The organization is proud to have contributed to its passage, ensuring Oklahomans are protected from these predatory practices.