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New mortgage release laws coming to Oklahoma
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The Blotter
Tuesday, May 5, 2015
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Two bills that will change Oklahoma’s mortgage release laws have been signed by Gov. Mary Fallin. The first bill allows title insurance companies to execute affidavits to release mortgages from the county records under certain circumstances. The other allows the title companies to recover penalties against mortgage holders who don’t release mortgages within a certain amount of time after the mortgage has been paid off. Read on for more details.
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