Notice: House Bill 1607 (Amending Title 59 of Oklahoma Statutes) effective November 1, 2005
The new provisions revise the definition of land surveying: "subdivision of land parcels into smaller parcels and/or the preparation of the descriptions thereof " falls under the definition of the "practice of land surveying" and, therefore, must be done by an individual duly licensed as a land surveyor under Title 59 of the state's statutes.
You can review the bill at:
Legal Research
Oklahoma Session Laws — 2005 Section 115 (HB 1607) OR
Oklahoma Statutes Title 59 Chapter 10, Article 1, Section 475.1
Basic Closing School Set For October 24
 The OLTA Education Committee will be providing a basic closer/processor school on October 24 at the
OSU/Oklahoma City campus. This seminar is for all closers and processors who are either new to the
business or would like a refresher course.
Issues to be discussed include:
- How to prepare a HUD-I, reviewing a commitment and what to look for in preparing the HUD statement.
- What an insured closing letter does for the lender, how it affects the title company.
- Funding issues related to closing procedures, when funds do not come in prior to closing.
- 1099's and reporting of them and which transactions need to report.
- IRS issues relating to 1099 issues.
- RESPA issues and closing ethics, fraud and forgery in the closing process.
- Customer service issues in the closing process, before, during and after the closing in talking with all parties of the transaction.
You won't want to miss this informative class. Registration forms will be in the mail soon or call the OLTA
office at 405/840-1944. Attendance is limited.
A Great Reason to Rush a Deal Through
Here's a true story for you. The other day in an abstract office, an abstract could not be located. So, the abstractor called the realtor to let her know that one would have to be built. The realtor asked if the abstractor could put a rush on it. The realtor said she was asking for the rush due to the buyers religious beliefs. Apparently, the buyers were newlyweds and, due to their religious beliefs, they could not consummate their marriage for a certain number of days after the wedding occurred. September 15th was "The Day" and they really wanted to be in their new home for the special event. Now, that's a great reason to rush a deal through!
Check Out This New Website
For Oklahoma County District Court
records and court case dockets:
www.oscn.net for Oklahoma County
www.ocdr.com for other counties.
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