Who regulates title companies in Oklahoma?
The Oklahoma Insurance Commission
The Oklahoma Insurance Commission regulates title insurance and they should be contacted with any questions concerning title insurance issues. The closing industry is not regulated by any agency at this time.
Who holds abstract of title in Oklahoma?
Six are members of the abstract industry, one attorney, one banker and one realtor. A high quality abstract…. Your abstract should contain a legible copy of all instruments affecting title to your property, which are filed of record in the offices of the County Clerk and District Court Clerk.
How do I become an abstractor in Oklahoma?
In order to become licensed, an individual must be at least 18 years old, of good moral character, score at least 70% on the abstractors examination, and not have been convicted of a felony or crime of moral turpitude.
Is Oklahoma an abstract state?
Abstracts are delivered to a real estate attorney certifying title for the policy. Policies are issued only on an attorney’s signature. And in an abstract state such as Oklahoma, no fax or email is allowed. The good news is that only a few states require abstracts: Oklahoma, Iowa and certain areas within the Dakotas.
Where can I get an abstract license in Oklahoma?
The office of the Oklahoma Abstractors Board (OAB) employs an Administrator and Administrative Assistant to staff the Board office. The Board issues Certificates of Authority, individual abstractor licenses as well as Permits to Develop Abstract Plants. In addition, the Board offers testing monthly to individuals seeking their abstract licenses.
When did Oklahoma abstractors law come into effect?
The Oklahoma State Legislature adopted the Oklahoma Abstractor’s Law (Title 1) January 1, 2008, which directs the Oklahoma Abstractors Board to regulate Oklahoma’s abstract industry. The office of the Oklahoma Abstractors Board (OAB) employs an Administrator and Administrative Assistant to staff the Board office.
Is the title insurance industry regulated in Oklahoma?
No. The Oklahoma Insurance Commission regulates title insurance and they should be contacted with any questions concerning title insurance issues. The closing industry is not regulated by any agency at this time.
Who is Grand River abstract and title company?
Grand River Abstract & Title Co. is a licensed and bonded abstractor in Delaware County and has a highly trained staff which can provide abstracting, title insurance and closing services.