Title insurance; authorizes title insurance company, agency, or agent to pay premium to agent. (HB1994)
Introduced By
Del. Terrie Suit (R-Virginia Beach)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Title insurance; settlement subsidies. Authorizes a title insurance company, title insurance agency, or agent to pay to a settlement agent a portion of the premium that is payable on a title insurance policy purchased by the purchaser or borrower in the real estate transaction, where the payment is used to subsidize the costs of the escrow, closing or settlement services. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/08/2007 | Committee |
| 01/08/2007 | Prefiled and ordered printed; offered 01/10/07 075191520 |
| 01/08/2007 | Referred to Committee on Commerce and Labor |
| 01/17/2007 | Impact statement from SCC (HB1994) |