# OR DFR Bulletin 1994-04: OR DFR Bulletin 1994-04: Creditor's Rights Coverage

> Oregon · Agency guidance · In force

URL: https://www.frixlaw.com/law-library/statutes/OR_INS_B_1994_04

## Section

- **Citation:** OR DFR Bulletin 1994-04
- **Heading:** OR DFR Bulletin 1994-04: Creditor's Rights Coverage
- **Jurisdiction:** Oregon
- **Kind:** Agency guidance
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Oregon Division of Financial Regulation Insurance Bulletins / OR DFR Bulletin 1994-04: Creditor's Rights Coverage

## Text

INSURANCE DIVISION BULLETIN INS 94-4
DATE: June 24, 1994
TO: All Title Insurers and Title Insurance Agents in Oregon
RE: Creditor's Rights Coverage
In June 1993. the Insurance Division provided the title insurance industry
with guidelines for using specific editions of ALTA policies, as well as for charges for creditor's rights
coverage. Creditor's rights coverage requires a charge. whether by indorsement or loading. if provided
by a policy edition that does not expressly exclude it.
Failure to file for a charge for this exposure may create unfair discrimination in the rating structure and
grounds for withdrawal of approval of policy forms.
As of the date of this bulletin, only two of the eight active title companies in Oregon have responded to
the Insurance Division's request for filing an indorsement with a premium charge for deletion of the
creditor's rights exclusion in the 1992 and 1990 policies and/or a loading of 1987 and 1970 policies to
cover the creditor's rights exposure.
The premium charge for this exposure should cover administrative and document review. consultation
with regional/home office and title personnel. lender interview. preparation and risk.
All title insurers and title insurance agents in Oregon that are covering a creditor's rights exposure
should have an approved filing for the appropriate charge for this coverage.
_______(signed)_______
Mary Alice Bjork, Administrator
Insurance Division
Department of Consumer and Business Services
Department of Consumer and Business Services
Insurance Division
350 Winter St. NE, Room 440
PO Box 14480
Salem, OR 97301-0405
(503) 947-7980
FAX (503) 378-4351
TTY (503) 947-7280
www.oregoninsurance.org

## Nearby sections

- [OR DFR Bulletin 1970-04 OR DFR Bulletin 1970-04: Reinsurance of Title Insurance](https://www.frixlaw.com/law-library/statutes/OR_INS_B_1970_04.md)
- [OR DFR Bulletin 1992-03 OR DFR Bulletin 1992-03: Marketing Practices for Paying Commissions](https://www.frixlaw.com/law-library/statutes/OR_INS_B_1992_03.md)
- [OR DFR Bulletin 1994-01 OR DFR Bulletin 1994-01: Blanket Insurance](https://www.frixlaw.com/law-library/statutes/OR_INS_B_1994_01.md)
- [OR DFR Bulletin 1994-02 OR DFR Bulletin 1994-02: Title Insurance May Not Use Schedule B to Add Coverage](https://www.frixlaw.com/law-library/statutes/OR_INS_B_1994_02.md)
- [OR DFR Bulletin 1994-04 OR DFR Bulletin 1994-04: Creditor's Rights Coverage](https://www.frixlaw.com/law-library/statutes/OR_INS_B_1994_04.md)
- [OR DFR Bulletin 1996-02 OR DFR Bulletin 1996-02: Application of the Insurance Code to Health Benefit Arrangements that Include Provider Risk Sharing](https://www.frixlaw.com/law-library/statutes/OR_INS_B_1996_02.md)
- [OR DFR Bulletin 1996-04 OR DFR Bulletin 1996-04: Contents Corporate Minutes](https://www.frixlaw.com/law-library/statutes/OR_INS_B_1996_04.md)
- [OR DFR Bulletin 1998-03 OR DFR Bulletin 1998-03: Filing Requirements for Health Insurance Policy Forms, PER ORS 742.003; Applicability of Negotiated Policy Exception](https://www.frixlaw.com/law-library/statutes/OR_INS_B_1998_03.md)
- [OR DFR Bulletin 2001-01 OR DFR Bulletin 2001-01: OAR 836-080-0240 – Standards for Prompt & Fair Settlement – Automobile Insurance](https://www.frixlaw.com/law-library/statutes/OR_INS_B_2001_01.md)
- [OR DFR Bulletin 2001-09 OR DFR Bulletin 2001-09: Withdrawal of Bulletin INS 95-5 and INS 96-1](https://www.frixlaw.com/law-library/statutes/OR_INS_B_2001_09.md)
- [OR DFR Bulletin 2002-01 OR DFR Bulletin 2002-01: No Policy Changes Required by 2001 Amendment to ORS 743.186(1)(A)](https://www.frixlaw.com/law-library/statutes/OR_INS_B_2002_01.md)
- [OR DFR Bulletin 2002-03 OR DFR Bulletin 2002-03: USA Patriot Act of 2001](https://www.frixlaw.com/law-library/statutes/OR_INS_B_2002_03.md)
- [OR DFR Bulletin 2003-02 OR DFR Bulletin 2003-02: Reducing Regulatory Burden](https://www.frixlaw.com/law-library/statutes/OR_INS_B_2003_02.md)
- [OR DFR Bulletin 2003-05 OR DFR Bulletin 2003-05: Application of NAIC Manuals and Other Publications](https://www.frixlaw.com/law-library/statutes/OR_INS_B_2003_05.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/OR_INS_B_1994_04. Check the current official text before relying on it. Not legal advice.