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Oklahoma Statutes - Title 40. Labor Page 92 bill of sale or deed. The state shall be authorized to make bids at any such sale to the amount of indebtedness, interest, costs, and fees accrued. In the event the bid of the state is successful, the sheriff shall issue a proper muniment of title to the Commission, and the Commission shall hold the title for the use and benefit of the state. The state may sell any property obtained in this manner through the procedures available for the sale of excess property of the state. Any money received by the Commission through the sale of property in this manner shall be credited against the indebtedness of the individual. The sheriff shall be entitled to the same fee for executing the notice as the sheriff would be entitled to receive if executing an execution issued by the court clerk of the county upon a judgment of a court of record. Added by Laws 2002, c. 452, § 16, eff. Nov. 1, 2002. Amended by Laws 2016, c. 287, § 7, eff. Nov. 1, 2016.

§40-2-618. Levy on income and monetary assets. LEVY ON INCOME AND MONETARY ASSETS. A. As used in this section, the following words have the following meanings: 1. "Bank" means any state bank or banking association, national bank or banking association, savings and loan company, credit union, or any other financial institution; 2. "Bank account" means any checking or savings account the debtor has with any bank; 3. "Debtor" means any person that is the subject of a warrant of levy and lien issued pursuant to Section 2-617 of this title; 4. "Earnings" means any form of payment to an individual including, but not limited to, salary, wages, commission, or other compensation; and 5. "Employer" means any type of business or organization that owes earnings to a debtor. B. If any debtor shall fail to pay his or her indebtedness to the Oklahoma Employment Security Commission and after the debtor has been notified of the amount due and demand for payment has been made, it shall be lawful for the Commission to collect the amount owed by levy upon the debtor's employer or any bank account of the debtor. C. To levy upon an employer of the debtor, the Commission must serve a Notice of Levy on the employer along with the warrant of levy and lien that sets out the amount owing on the benefit overpayment of the debtor, with interest. The levy will have the same priority, and be subject to the same exceptions, as a continuing earnings garnishment provided for in Section 1173.4 of Title 12 of the Oklahoma Statutes. The following procedures will apply to a Notice of Levy served on an employer: