{"data":{"id":"us-ok/okla.-stat.-tit.-1-1-41","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 1, § 1-41","heading":"Unlawful business inducements - Charges for abstracts,","body":"abstract extensions, supplemental abstracts and final title reports\n\n- List of abstracting fees - Civil penalties.\n\nA. It shall be unlawful for any abstractor as an inducement to\n\nobtaining any business to pay, rebate, or deduct any portion of or\n\nto permit any deduction from a charge made for making, extending, or\n\ncertifying an abstract of title, to:\n\n1. Any owner, mortgagee, or lessee of the real property covered\n\nby the abstract of title, or of any right, title, or interest in or\n\nlien upon the same;\n\n2. Any principal, broker, agent, or attorney in connection with\n\na sale or lease of real property or the making or obtaining of a\n\nloan thereon in which an abstract of title is required, used, or\n\nfurnished; and\n\n3. Any spouse, child, employee, ward, officer, director,\n\nsubsidiary, affiliate, parent, relative within the fifth degree,\n\npersonal representative, or partner of any person, firm, or\n\ncorporation included in this section.\n\nB. All charges for abstracts, abstract extensions, supplemental\n\nabstracts or final title reports shall be separately stated and\n\nshall not be combined with title insurance, closing fees, or\n\nexamination charges, shall be uniform for all abstracts, abstract\n\nextensions, supplemental abstracts or final title reports of\n\nwhatsoever kind or nature, whether the abstract, abstract extension,\n\nsupplemental abstract or final title report is prepared for use by\n\nthe abstractor or for others purchasing abstracts, abstract\n\nextensions, supplemental abstracts or final title reports from the\n\nabstractor; and any other charge therefor shall be unlawful.\n\nC. The list of abstracting fees required to be attached to an\n\napplication for certificate of authority, an application to renew a\n\ncertificate of authority and an application to transfer a\n\ncertificate of authority pursuant to the provisions of Section 30 of\n\nthis title shall include all fees the applicant intends to charge\n\nfor abstracts, abstract extensions, supplemental abstracts or final\n\ntitle reports. The Oklahoma Abstractors Board shall notify the\n\napplicant in writing of any action taken with regard to the\n\nrequested fees within sixty (60) days of submission. If no notice\n\nis provided regarding the submitted fees, they will be deemed to\n\nbecome effective on the sixty-first day following the day the\n\napplication was submitted to the Board. The fees shall also be\n\nsubject to the following:\n\n1. No fee shall be charged that is not on the approved list;\n\n2. The holder of the certificate of authority may submit an\n\namended list of fees once a year requesting approval for changes to\n\nthe currently approved fees; and\n\n3. The amended list of fees must be approved before becoming\n\neffective. The Board may disapprove a list of fees or an amended\n\nlist of fees if the fees are determined to be excessive or are used\n\nas an unlawful inducement. In determining whether a fee is\n\nexcessive, the Board may consider any or all of the following:\n\na. the change from any prior rate for the same abstract,\n\nabstract extension, supplemental abstract or final\n\ntitle report,\n\nb. the fee charged by other holders of certificates of\n\nauthority within the same county, in adjacent\n\ncounties, and in counties with similar\n\ncharacteristics,\n\nc. the amount of work performed,\n\nd. the time required to perform the work,\n\ne. the amount of financial risk involved to the holder of\n\nthe certificate of authority,\n\nf. the cost of providing the abstract, abstract\n\nextension, supplemental abstract or final title\n\nreport,\n\ng. the availability of competition,\n\nh. the average cost for such services across the state,\n\nand\n\ni. any other relevant factor applicable to a particular\n\nset of circumstances presented for approval.\n\nD. In addition to any other penalty, any person, firm,\n\ncorporation, or other entity violating the provisions of this\n\nsection shall be subject to a civil penalty not less than Two\non,\n\nh. the average cost for such services across the state,\n\nand\n\ni. any other relevant factor applicable to a particular\n\nset of circumstances presented for approval.\n\nD. In addition to any other penalty, any person, firm,\n\ncorporation, or other entity violating the provisions of this\n\nsection shall be subject to a civil penalty not less than Two\n\nHundred Fifty Dollars ($250.00) nor more than Ten Thousand Dollars\n\n($10,000.00) for each occurrence. The fine may be enforced in the\n\nsame manner in which civil judgments may be enforced.","path":["OK Code","Title 1"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os1.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"a9884e1c4bbb7c7bdf0eb494ad471b3b9b77055a8108e8b82285aee77d0a6130","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-1-1-40","next":"us-ok/okla.-stat.-tit.-1-1-42"},"notice":"GroundRules: Original legal text. Not legal advice."}