Iris Y. Martinez
- Democratic
Primary
Amends the Title Insurance Act. Provides that for each residential mortgage loan transaction in which a title insurance company, title insurance agent, or independent escrowee engages in title insurance business, the title insurance company, title insurance agent, or independent escrowee engaging in such business shall file with the Secretary of Financial and Professional Regulation, on a form prescribed by the Secretary, the names and license or registration numbers of each financial institution, residential mortgage licensee, loan originator, real estate appraiser, real estate licensee, and closing agent involved in the residential mortgage loan transaction. Provides that the form shall be filed with the Secretary no later than 7 days after the closing of the transaction. Provides that a title insurance company, independent escrowee, or title insurance agent that makes reasonable efforts to comply with the provision shall not be subject to disciplinary action or liability arising from the completeness or accuracy of information contained in the disclosure. Makes other changes. Effective immediately.
Session Sine Die
Rule 19(a) / Re-referred to Rules Committee
Final Action Deadline Extended-9(b) May 31, 2008
Assigned to Judiciary I - Civil Law Committee
Third Reading - Passed; 043-007-001
Arrived in House
Placed on Calendar Order of First Reading
Chief House Sponsor Rep. Cynthia Soto
First Reading
Referred to Rules Committee
Second Reading
Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
Added as Chief Co-Sponsor Sen. William Delgado
Placed on Calendar Order of 3rd Reading April 2, 2008
Placed on Calendar Order of 2nd Reading April 1, 2008
Do Pass Financial Institutions; 005-003-000
Assigned to Financial Institutions
Filed with Secretary by Sen. Iris Y. Martinez
Referred to Rules
First Reading
| Bill Text Versions | Format |
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| Introduced | HTML |
| Engrossed | HTML |
| Document | Format |
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| No related documents. |
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