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
Huge Data Leak at Largest U.S. Bond Insurer
Krebs on Security | October 7, 2014
Due to a misconfiguration in a company web server on Monday, Municipal Bond Insurance Association, the nation’s largest bond insurer, exposed countless customer account numbers, balances and other sensitive data.
Fed Officials Ready to Slow Tightening If World Growth Disappoints
Bloomberg | October 12, 2014
Federal Reserve officials sounded an alert over the threat to U.S. growth from a slowdown elsewhere in the world, warning it could make them delay an interest-rate increase.