Board of Directors Meeting
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| Members present: |
Danita Francis |
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Members absent: |
Tracy Row Randy Dittman |
| Staff present: |
Jerry Hemry Clayton Taylor |
| Guests present: |
Mark Bilbrey |
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Welcome: Danita welcomed the members and guests, and the meeting was called to order at 1:30 pm. |
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Motion: Approve minutes as presented Made by: Ken McDowell Second by: Mary Ann Nelson Discussion: None Vote: Passed |
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Past President's Report: None Vice President's Report: None |
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| Treasurer's Report: The Treasurer's report was presented. | |
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Motion: Approve report as presented Made by: Ken McDowell Second by: Chaney Haynes Discussion: None Vote: Passed |
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— Marietta Abstract Company has made application for membership. Motion: Approve application for membership for Marietta Abstract Company Made by: Chaney Haynes Second by: Ken McDowell Discussion: None Vote: Passed |
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General Counsel's Report: —Jerry discussed the Radian Group/Arvest mortgage imairment issue. —Jerry received a subpoena in regard to the Inhofe vs. Kirkpatrick case requesting information from OLTA. Executive Director's Report: None |
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Committee Reports: → Education — The October 18th CE in Tulsa went well. —Herschel Beard, chair of the Basic Abstractor's School plans to schedule a sub-committee meeting next week. — The 2007 Convention CE Committee, chaired by Kraettli Epperson, met on Monday and have some great ideas for 7 hours of CE. → Public Relations/Membership — Lisa discussed the cost of printing the history books. → Legislative —Clayton informed the board that the interim hearing requested by Rep. Kris Steele will not be heard at this time. —Clayton also discussed issues we're facing regarding the banking industry and realtors association. —Mark discussed the mortgage imairment issue. → Research — None President's Report: — Danita discussed the issues regarding amending the By-laws. — The meeting between ALTA and our State Insurance Department to discuss the mortgage impairment issue has been rescheduled. Danita will advise the board when she learns of more information including a new date for the meeting. |
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Old Business: None New Business: A subcommittee will meet next week to discuss the terms of Jan's contract and will report back to the board. Adjournment: Meeting adjourned at 3:43 p.m. Respectfully submitted, Laura Dishman, OLTA Secretary |
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