Transcription of OREGON RATING MANUAL - Oregon Land Title Association
1 OREGON Title INSURANCE RATING ORGANIZATION. OREGON RATING MANUAL . SCHEDULE OF CHANGES. Description Date of Change Original MANUAL February 1, 2006. Revisions to Sec. , , , , , Schedule 3, Schedule 4; new Policies PO-04, PL-05 and PL-06; revised End. 44, and 94; new End. 102-06, , 213-06 and November 1, 2006. ; corrections to Sec. , Combination Form Guarantee, Trustee's Sale Guarantee, End. 51, , and New Sec. April 1, 2007. Revision to Sec. May 1, 2007. Revised Table of Contents; new Sec. , , , , and ; revised Sec. , and ; revised Schedule Four Endorsements; new October 1, 2007. endorsements 215, 215-06, 216, 216-06, 217, 217-06, , , 218, 218-06, , , 219, 219-06, , , 221 and 221-06; withdrawn endorsements 65 and 75. Correction to Endorsement 221-06 (form designated as End. 221-06. October 24, 2007.)
2 Cor). Revised Table of Contents; revision to Sec. ; revised Sec. ; revised Schedule Four Endorsements; new August 28, 2008. endorsements and Revised Table of Contents; revised Sec. ; revised Schedule Four Endorsements; new endorsements and December 31, 2008. 06. Revised Table of Contents; revised Sec. , , , and ; revised Schedule Four Endorsements; February 3, 2010. withdrawal of End. 43, 44, 221 and 221-06. Revised Table of Contents; new Sec. , , , and ; revised Schedule Four Endorsements; February 15, 2010. new End. 103, 104, 105, 106 and 107. Revision to Sec. April 19, 2010. OTIRO OREGON RATING MANUAL Schedule of Changes Page SC-1. Description Date of Change Revisions to Section and (withdrawal of ALTA Loan Policy 1970, rev. 10/17/84 [PL-01]; ALTA Loan Policy 1992. [PL-02]; ALTA Leasehold Loan Policy 1992 [PL-03]; ALTA.
3 Short Form Residential Loan Policy 10/17/92 [PL-04]; ALTA. Owner's Policy, Form B 1970, rev. 10/17/84 [PO-01]; ALTA. Owner's Policy 1992 [PO-02]; and ALTA Leasehold Owner's July 5, 2010. Policy 1992) [PO-03]; Revision to Section (Rounding);. revised Schedule Three Schedule of Policy, Guarantee and Commitment Forms (withdrawal of above listed policy forms and ALTA Commitment 1966 [C-01]; addition of commitment ALTA Commitment 6/17/2006) [C-02]); new commitment ALTA Commitment 6/17/2006 [C-02]. Revised Table of Contents; revisions to Sections , , , , , , , , , , , , (new), (new), (new), , , , , , (new), (new), , (new), , , , , , (new), , , (reserved), (new), (reserved), (reserved), (new); revised Schedule Four Schedule of Endorsements; withdrawn endorsement forms 56, , 59, 68, 71, , 74, 82, 94, , 97, 102, 201, 202, 206, , 207, December 6, 2010.
4 , 209, , , 210, , 213, , 215, 216, 217, , 218, , 219, ; revised endorsement forms 41, 42, 45, 46, , , 57, 60, 61, , , 64, 66, 67, , , 70, 76, 77, , 78, , 80, 81, 84, 85(L), 85(O), 86, 87, 88, 89, 90, 91, , 92, 93, 96, 98, 101, 102-06;. new endorsement forms 201-06, 202-06, 203-06, , , , 206-06, , 207-06, , 06, , , , , , 210-06, , 211-06, , 212-06, 213-06, , 214-06, , 220-06, 222-06, 223-06, 225-06, , 228-06. Revised Table of Contents; revised Schedule Four Schedule of Endorsements; elimination of Sections and ;. corrections to Sections , , , and ; revisions to Sections , and for revised endorsement forms; addition of Section ;. corrections to endorsement references in Short Form May 31, 2011. Residential Loan Policy; corrections to endorsement forms 57, , 87, 89, , , 211-06, 214-06 and.
5 Revisions of endorsement forms , , , 213-06, , 214-06 and to conform to ALTA. revisions of 2/3/11; new endorsement form 231-06. Revised Table of Contents; revised Schedule Four Schedule of Endorsements; new sections and ; revisions to sections , , (endorsement withdrawn), March 19, 2012. and ; new endorsement forms , 108, 109(O). and 109(L); revisions to endorsement form 87; withdrawal of endorsement form 96. OTIRO OREGON RATING MANUAL Schedule of Changes Page SC-2. Description Date of Change Revised Table of Contents; revised Schedule Four Schedule of Endorsements; elimination of sections , , , and ; new sections , and ;. revisions to sections , , , and ; new endorsements , 209-06, , 06, , , , , 234-06, 235-06, June 11, 2013. , , , 236-06, , , , , and ; revisions to endorsement forms , 213-06, and 220-06.
6 Withdrawal of endorsement forms 103, 104, 105, 106, 107, and Revised Table of Contents; revised Schedule Four Schedule of Endorsements; elimination of Sections and ;. August 23, 2013. revision to section ; withdrawal of endorsement forms 61, 91 and Revised Table of Contents; revised Schedule Three Schedule of Policy, Guarantee and Commitment Forms; revised Sections May 8, 2014. (D), (A) and ; new policy form (Mortgage Modification Limited Policy, OTIRO Policy PLO-02). Revised Table of Contents; revised Schedule Four Schedule of Endorsements; elimination of Section ; new Sections , and ; revised Sections , , , , and ; new endorsements , September 8, 2014. , , , , , , 237-06 and 239-06; revised endorsements , (technical changes), and 212-06; withdrawal of endorsement form 84. Revised Table of Contents; revised Schedule Four Schedule of Endorsements; new Sections , , , , , , , and ; revised Sections , , , , , , and ; new December 9, 2015.
7 Endorsements , , 232-06, , , 233-06, , , 240-06, , 241-06, , , 242-06, 243-06, 244-06, and 245-06; revised endorsement 102-06. Revised Table of Contents; revised section Date-Down Endorsement For Guarantee; revised Sections and June 2, 2016. ; new endorsements and ;. withdrawal of endorsements 202-06, 209-06 and Revised Table of Contents section ; and sections (D) and to remove reference to Mortgage Modification Limited Policy and replace with ALTA Residential Limited Coverage Mortgage Modification Policy; revised Chapter Five Elimination of June 15, 2017. Standard Exceptions; revised Schedule Three; Withdraw PLO-02. Mortgage Modification Limited Policy and added new PLO-03. ALTA Residential Limited Coverage Mortgage Modification Policy as its replacement. OTIRO OREGON RATING MANUAL Schedule of Changes Page SC-3.
8 Description Date of Change Form Filings: Filing new form ORIRO Form C-03 (Cond. 9 Deleted; Rev 2-15- 18) ALTA Commitment for Title Insurance 8-1-16. Withdraw of OTIRO Form C-02 ALTA Commitment 6-17-2006, six months from effective date of OTIRO Form C-03. Filed an amended Form PO-04 ALTA Owner's Policy. Filed an amended Form PL-05 ALTA Loan Policy. Filed an amended Form PL-06 ALTA Short Form Residential Loan Policy. Filed an amended Form PLO-03 ALTA Residential Limited Coverage Mortgage Modification Policy. Rate MANUAL Changes: Amended Schedule Three: Schedule of Policy, Guarantee and February 15, 2018. Commitment Forms. Amended the OTIRO Form Name for PO-04, PL-05, PL-06 and PLO-03. Replaced OTIRO Form C-02 ALTA Commitment 2006 with OTIRO Form C-03 (Cond. 9 Deleted; Rev. 2-15-18) ALTA. Commitment for Title Insurance (8-1-2016).
9 Amended the following forms by deleting the arbitration provision: PO-04 (Cond. 14 Deleted; Rev 2-15-18) ALTA Owner's Policy PL-05 (Cond. 13 Deleted; Rev 2-15-18) ALTA Loan Policy PL-06 (Cond. 13 Deleted; Rev 2-15-18) ALTA Short Form Residential Loan Policy PLO-03 (Cond. 16 Deleted; Rev 2-15-18) ALTA Residential Limited Coverage Mortgage Modification Policy Technical corrections to OTIRO Endorsements , 06, , , , , , , , , , 235-06, , , July 27, 2018. and ; and to Commitment for Title Insurance, OTIRO. Form C-03 (Cond. 9 Deleted; Rev 4-2-2018). OTIRO OREGON RATING MANUAL Schedule of Changes Page SC-4. OREGON Title INSURANCE RATING ORGANIZATION. OREGON RATING MANUAL . TABLE OF CONTENTS. CHAPTER ONE: GENERAL PROVISIONS. Definitions: ALTA ; Basic Insurance Rate ; Company ; Loan Policy ; OTIRO.
10 Simultaneous . Definitions: Standard Coverage Definitions: Extended Coverage Policies, Guarantees and Endorsements Preliminary Title Reports and Commitments Corrections Duplicate Policies Local Government Lien Searches; Other Additional Charges Insuring against Known Risks: General Insuring against Known Risks: Absence of Probate Unauthorized Adherence to Rates CHAPTER TWO CHARGES GENERALLY AND SPECIAL RATES. Basis of Rates Aggregation of Parcels Additional Chain Charge Short Term Rate Builders and Subdividers Rate Timeshares Governmental Contracts for the USA. Rate to Employees Cancellation Charges for Orders for Title Insurance Policies Rounding CHAPTER THREE: OWNER'S POLICIES. Basis of Charge Owner's Policies Basic Charges Simultaneous Multiple Issue Increase in Amount of Insurance [Intentionally Deleted].
