Tom Daly
- Democratic
Author
Existing law regulates underwritten title companies, which prepare title searches, title examinations, title reports, or certificates or abstracts of title that are used by a title insurer to write title insurance policies. Existing law requires an underwritten title company to maintain current assets of at least $10,000 in excess of its current liabilities, and authorizes the commissioner to define "current assets and liabilities." This bill would increase the amount of current assets that an underwritten title company is required to maintain to $25,000 in excess of its current liabilities. The bill would exclude a liability derived from an operating lease obligation from an underwritten title company's current liabilities for purposes of calculating the company's required current assets.
Consideration of Governor's veto stricken from file.
Consideration of Governor's veto pending.
Vetoed by Governor.
Enrolled and presented to the Governor at 3:30 p.m.
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 76. Noes 0. Page 2801.).
From committee: That the Senate amendments be concurred in. (Ayes 12. Noes 0.) (August 21).
Re-referred to Com. on INS. pursuant to Assembly Rule 77.2.
In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 15 pursuant to Assembly Rule 77.
Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 2137.).
Read second time and amended. Ordered to third reading.
From committee: Amend, and do pass as amended. (Ayes 13. Noes 0.) (June 26).
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on INS.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 76. Noes 0. Page 1589.)
Read second time. Ordered to Consent Calendar.
From committee: Do pass. To Consent Calendar. (Ayes 18. Noes 0.) (May 1).
In committee: Set, first hearing. Hearing canceled at the request of author.
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 14. Noes 0.) (April 3). Re-referred to Com. on APPR.
From printer. May be heard in committee February 28.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB295 | HTML |
| 01/28/19 - Introduced | |
| 05/29/19 - Amended Senate | |
| 07/02/19 - Amended Senate | |
| 08/23/19 - Enrolled |
| Document | Format |
|---|---|
| No related documents. |
Data on Open States is updated periodically throughout the day from the official website of the California State Legislature.
If you notice any inconsistencies with these official sources, feel free to file an issue.