In an effort to expedite the closing of real estate transactions, the Oklahoma Legislature has adopted substantial revisions to 36 O.S. §5001 which will become effective November 1, 2018. Most of these revisions apply to licensed title producers or insurers and are aimed at facilitating the sharing of prior owner’s title insurance policies as between title companies. However...

A recent case deals with the right to recover attorney’s fees pursuant to the Nonjudicial Marketable Title Procedures Act (NMTPA) appearing in Title 12 O.S. § 1141.1 et. seq. This statute outlines a procedure by which a notice of demand can be sent to a designated respondent regarding a specific title defect requesting execution of a curative document or for corrective action to be completed...

The Oklahoma Legislature recently enacted a new statute which affords the Oklahoma Corporation Commission “exclusive” jurisdiction to regulate oil and gas operations within the boundaries of any municipality or other political subdivision, subject to the ability of the locals to enact “reasonable” regulations concerning various enumerated issues such as noise and odors…

Effective February 23, 2016, the American Land Title Association (ALTA) and the National Society of Professional Surveyors (NSPS) approved a comprehensive revision to the existing standard requirements for land title surveys.