Escrow & Title
The Oklahoma Abstractors Act requires:
ATitle agents to carry $1 million in E&O insurance
BPersons engaged in the business of abstracting title to be licensed by the state✓ Correct
CAll title searches to be performed by licensed attorneys
DAbstract companies to be owned by title insurance companies
Explanation
Oklahoma's Abstractors Act establishes a licensing system for individuals and companies that prepare abstracts of title, ensuring that those who compile these critical title histories meet minimum competency standards.
Related Oklahoma Escrow & Title Questions
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