Oklahoma · 1 O.S. §§32, 41–43Oklahoma abstracts of title: delivery deadlines, charges and who keeps the abstract

An Oklahoma abstractor must furnish abstracts, abstract extensions, supplemental abstracts and final title reports in the order valid orders are received, without unnecessary delay and for reasonable compensation; a valid order is a written order from a party to the transaction with a complete and accurate legal description or address, the availability of any needed base abstract, and an up-front commitment to pay or a stated cancellation fee (1 O.S. §32(A)). Unless the Abstractors Board has found extenuating circumstances, it is unnecessary delay to take more than 15 business days for a new abstract on platted land or 20 on unplatted land, or more than 12 business days for an extension, supplemental abstract or final title report on platted land or 17 on unplatted land; refusal can bring a civil penalty of $500 to $2,000 per occurrence and liability for damages (§32(B)–(C)). These deadlines don't apply to oil, gas and mineral abstracts (§32(D)). Abstract charges must be stated separately, not combined with title insurance, closing or examination charges, and abstractors may not pay rebates to owners, agents, brokers or attorneys to get business (§41(A)–(B)). A purchaser must be told at closing of the option to keep the abstract, or to take it once a lender's contractual hold ends; on written request in a current transaction, an abstract company holding a base or supplemental abstract must release it within three business days (§43). An action for an imperfect or false abstract must be brought within five years from the date of the abstract certificate (§42).