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NY A00413

Bill

Official Source

Status

Introduced

1/9/2023

Primary Sponsor

David Weprin

Click for details

Origin

Assembly

2023-2024 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 analyze current title insurance premium rates in New York State and identify steps to reduce them.

  • Report must detail what service charges are regularly added to customers' bills for title services.

  • 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

1/3/2024

Committee Referrals

Insurance1/9/2023

Full Bill Text

No bill text available