Welcome to the Oklahoma Land Title Association
OLTA is a statewide trade association representing the title insurance and abstracting industry in Oklahoma. Founded in 1907 and proudly serving our membership through regulatory and legislative advocacy, continuing education and up-to-date information in keeping with our mission to enhance and protect the industry.
What is Title Insurance?
When you buy a home, you receive a title to the property, meaning you are now the full legal owner of that property. Title insurance for real estate provides protection against loss if a covered defect is found in the title to real property. You can purchase it for a one-time premium, paid in most cases at closing.
Title insurance usually covers four types of “hidden” risks: errors, liens, ownership claims, and invalid deeds. If a claim is made against your property, the title insurance company will negotiate with the other party to settle the claim, defend you in court if necessary, pay any incurred legal costs, and satisfy any covered claims. Having title insurance can save you time, money, even your home.
What’s Happening Now
White House Outlines New Cybersecurity Initiatives
Bloomberg | January 12, 2015
Among proposed legislation is the Personal Data Notification & Protection Act, which would require companies that have a data breach to notify customers within 30 days of its discovery.
Obama Signs TRIA Despite Dodd-Frank Provision
The Hill | January 12, 2015
President Barack Obama signed on Monday a six-year reauthorization of the Terrorism Risk Insurance Act (TRIA) that included a provision progressives opposed to change the 2010 Dodd-Frank Wall Street Reform Law.