WhatisaTitleStatusReport-BureauofIndianAffairs.ppt

Mortgaging Trust Properties Freida Satepeahtaw Bailey Division of Capital Investment (DCI) 405-247-6140 TITLE STATUS REPORT * What is a Title Status Report? A report that shows the legal description of a tract, the most current ownership and encumbrances/liens (if any) of record Why would a TSR be requested? Mortgage Loan/Business Lease/Residential Lease Land Status/Land Sale Current Ownership Update Who can request a TSR? Agency / Regional Office having jurisdiction over the land Compacted/Contracted Tribes Individuals Simple statement of ownership Simple statement of title status Simple statement of encumbrance Simple title notes Simplified legal land description Note: Title Notes and Remarks will be re-written after the release of the new TSR to improve clarity understanding * Types of Title Status Reports Informational TSR is an uncertified unverified report of ownership encumbrance as shown by title data in the land title system-of-record (TAAMS Title). Certified TSR is a report of ownership encumbrance certified as a true, accurate up-to-date report of title status as shown by an examination of title documents recorded at the DLTR and update of land title in TAAMS. * REGIONAL OFFICES Alaska Eastern Eastern Oklahoma Great Plains Navajo Southwest Western Rocky Mountain Pacific Midwest Northwest Southern Plains BUREAU LAND TITLES RECORD S OFFICES Alaska Southwest (Albuquerque) Eastern Oklahoma (Muskogee) Great Plains (Aberdeen) Northwest (Portland) Rocky Mountain (Billings) Pacific (Sacramento) Palm Springs Agency (Agua Caliente Band of Cahuilla Indians) Southern Plains (Anadarko) TRIBAL LTROs Salish Kootenai (Montana) Colville Tribe (Washington) Morongo Tribe (California) *Cherokee Nation *Choctaw Nation of Oklahoma *Muscogee (Creek) Nation * *Compacted for DLTR functions but currently do not provide Federal title services consistent with the services provided by Bureau DLTRs.? Delegated au