Feb 6, 2008
STATE CAPITOL – In a time of difficulty in the housing market, State Representative Jason Murphey is calling on the legislature to enact what he believes to be one of the important parts of the recently released 100 ideas program. The implementation of idea number 27 would end the unfair abstract fee that is unnecessarily placed on Oklahoma home owners.
Murphey asserts that the abstracting industry which has been known for its ties to the political patronage machine of old guard Oklahoma politicians is completely unnecessary.
Murphey believes the recent disclosure that an official with the Oklahoma Abstractors Board has been accused of making illegal contributions to an Oklahoma elected official is additional evidence that Oklahoma's abstracting industry continues to be susceptible to corruption due to its composition as an unnecessary monopoly.
"It is time to bring to an end this unnecessary charge that has for years enriched the elite few at the expense of hardworking Oklahomans," Murphey said.
Murphey states that it is a moral imperative for Oklahoma's new leaders to put an end to the abuses of the past by approving House Bill 3229 authored by Rep. Charles Key. House Bill 3229 would allow home buyers to choose to pay an abstractor as opposed to requiring it.
"The fact that the people of Oklahoma used Speaker of the House Lance Cargill's 100 ideas program to express their opposition to the abstracting process demonstrates that they know it is time for us to move forward and eliminate this unfair fee," Murphey said.