Oklahoma § 1-25 - Abstractors Board - Powers and duties

§ 1-25. Abstractors Board - Powers and duties

In performing the duties imposed pursuant to the Oklahoma

Abstractors Act, the Oklahoma Abstractors Board shall have the

following powers and duties:

1. To prescribe, promulgate, implement and enforce rules and

make such orders as deemed necessary to implement all the provisions

of the Oklahoma Abstractors Act including the duties imposed in this

section;

2. To hold examinations for applicants for abstract licenses;

3. To issue abstract licenses, certificates of authority, and

permits in such form as deemed appropriate;

4. To issue abstract licenses and certificates of authority to

nonresidents, associations, corporations, and partnerships;

5. To suspend, revoke, or reinstate abstract licenses and

certificates of authority previously issued, upon good cause shown;

6. To reprimand, place on probation, or require additional

education of licensees and certificate holders upon good cause

shown;

7. To establish administrative penalties and fines as provided

for in Section 227.22 of this title for failure to furnish an

abstract, abstract extension, supplemental abstract or final title

report;

8. To prescribe and impose such administrative penalties and

fines as deemed proper to be assessed against licensees and

certificate holders for the failure to pay the renewal fees or for

the violation or noncompliance with any provision of the Oklahoma

Abstractors Act or rule or order of the Oklahoma Abstractors Board;

9. To cause the prosecution of any person who violates any of

the provisions of the Oklahoma Abstractors Act;

10. To promulgate such rules and regulations governing the

approval of organizations offering courses of study in real estate

as are necessary for the administration of the Oklahoma Abstractors

Act;

11. To establish minimum standards to be followed in the

preparation of abstracts;

12. To establish a schedule of fees for applications for or

renewals of certificates of authority, abstract licenses, or

permits;

Oklahoma Statutes - Title 1. Abstracting

13. To establish the amount of the bond to be filed with

applications for abstract licenses, certificates of authority, or

permits;

14. To approve fee schedules of holders of certificates of

authority, set criteria for determining what constitutes an

excessive fee, and impose administrative penalties and fines for

violations of approved fee schedules;

15. To deposit all fees and fines collected to the credit of

the Oklahoma Abstractors Board Fund;

16. To confer with and seek legal assistance from the Office of

the Attorney General whenever deemed appropriate by the Board; and

17. To have a seal which shall be affixed to all certificates

of authority, abstract licenses, certified copies of documents on

file, and such other instruments as the Board may direct, and all

courts shall take judicial notice of the seal, and copies of records

and proceedings of the Board and all documents filed with the Board

and certified under seal shall be received as evidence in all courts

of record.

Added by Laws 1984, c. 163, § 4, eff. Nov. 1, 1984. Amended by Laws

1985, c. 304, § 11, emerg. eff. July 24, 1985; Laws 2006, c. 269, §

3, eff. July 1, 2007; Laws 2007, c. 359, § 6, eff. Jan. 1, 2008.

Renumbered from Title 74, § 227.13 by Laws 2007, c. 359, § 22, eff.

Jan. 1, 2008.