Curt Hagman
- Republican
Author
Existing law authorizes an underwritten title company, as defined, to engage in the escrow business and act as an escrow agent as long as it fulfills specified requirements. Existing law requires an underwritten title company to obtain a license from the Insurance Commissioner by filing an application with the commissioner and paying a filing fee of $354. This bill would authorize the commissioner to license an underwritten title company to engage in escrow business in all counties of this state with one application. This bill would also require an underwritten title company seeking to expand its escrow business to pay a one-time fee of $449 or the reasonable regulatory cost, whichever is less.
No votes to display
From committee without further action.
In committee: Set, first hearing. Hearing canceled at the request of author.
From committee chair, with author's amendments: Amend, and re-refer to Com. on INS. Read second time and amended.
From printer. May be heard in committee March 16.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB1704 | HTML |
| 02/13/14 - Introduced | |
| 03/28/14 - Amended Assembly |
| Document | Format |
|---|---|
| No related documents. |
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