Okla. Admin. Code § 80:10-5-5

Current through Vol. 42, No. 4, November 1, 2024

Section 80:10-5-5 - New plants

(a) Any abstract plant built by a permit holder shall include an index of all documents which legally impart constructive notice of matters affecting title to real property, any interest therein or encumbrance thereon which have been filed or recorded in the offices of the county clerk and court clerk of the county in which an abstract company is licensed regardless of whether an instrument is in such offices.

(b) Such abstract plant shall consist of a system of recording information in which notations or references to any documents that describe property affected are organized by the property description and such information is compiled from copies of the instruments and not copied or reproduced from any county index.

(c) Such abstract plant shall include a description of the property, a reception number or the book and page number where the document was filed, the date of filing, the grantor, the grantee, and any other information as the abstract company shall deem appropriate.

(d) Any person employed by the holder of a Permit to search county records, acquire information for, or post information to such an abstract plant shall hold an Abstractor License.

Okla. Admin. Code § 80:10-5-5

Added at 14 Ok Reg 2194, eff 6-12-97