Loan Estimate Challenges
Oregon’s Biggest LE Challenges

A State With Promulgated Rates

Oregon is one of only a few states in which the title insurance rate is promulgated, meaning all title insurers are required to charge the premium rates set by the state or agency overseeing the regulated rates, and no discounting or variation from the promulgated rates is permitted. Oregon’s promulgated rates are set and overseen by the Oregon Title Insurance Rating Organization (OTIRO), to which all underwriters choosing to do business in the state of Oregon must adhere.

Recording Fees and Transfer Tax

Oregon is also home to county-specific recording fees, which do vary from county to county.

Finally, only one county in Oregon, Washington County, levies a transfer tax. That transfer tax is customarily split between the buyer and the seller.