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NY A08906

Bill

Official Source

Status

Introduced

1/19/2022

Primary Sponsor

David Weprin

Click for details

Origin

Assembly

2021-2022 General Assembly

AI Summary

  • Directs the superintendent of financial services to conduct a comprehensive study on title insurance premium rates in New York State.

  • Requires the superintendent to issue a report to the governor and legislature within one year of the act's effective date.

  • Report must include an analysis of title insurance premium rates in New York State, steps to reduce such rates, and an examination of service charges regularly added to customers' bills for title services.

  • Act takes effect immediately upon enactment.

Legislative Description

Authorizes the superintendent of financial services to conduct a study and make recommendations on title insurance premium rates in NYS.

Last Action

referred to insurance

1/19/2022

Committee Referrals

Insurance1/19/2022

Full Bill Text

No bill text available