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§ 20. Issuance of title protection document--Notice--Waiver

Oklahoma Statutes AnnotatedTitle 46. Mortgages

Oklahoma Statutes Annotated
Title 46. Mortgages (Refs & Annos)
Chapter 1. Mortgages of Realty
Title Protection
46 Okl.St.Ann. § 20
§ 20. Issuance of title protection document--Notice--Waiver
Currentness
A. If a title protection document will be issued to the mortgagee, the mortgagee shall give to the buyer at the time of loan application written notice containing the following:
1. Whether the title protection document will provide protection to the buyer; and
2. That the buyer should seek independent, competent advice as to whether the buyer should obtain any additional title protection document. In the event said additional title protection is desired, it shall be obtained by the buyer in a timely manner in order to avoid undue delay of the closing under the terms of the contract of sale.
B. The requirements of this section shall not be subject to waiver by the buyer.

Credits

Laws 1979, c. 166, § 2.
46 Okl. St. Ann. § 20, OK ST T. 46 § 20
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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