The provisions of this paragraph shall not be construed to release any lien or debt based solely upon a transfer of certificate of title.
Upon receiving such affidavit that the security interest has been satisfied, Service Oklahoma shall issue a new certificate of title eliminating the satisfied security interest and the name and address of the secured parties who have been paid and satisfied. Service Oklahoma shall accept a release of a security interest in any form that identifies the debtor, the secured party, and the vehicle, and contains the signature of the secured party. Service Oklahoma shall not require any particular form for the release of a security interest.
The words "security interest" when used in the Oklahoma Vehicle License and Registration Act do not include liens dependent upon possession.
Okla. Stat. tit. 47, § 1110