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NY A10147

Bill

Official Source

Status

Introduced

2/12/2026

Primary Sponsor

Amanda Septimo

Click for details

Origin

Assembly

2025-2026 General Assembly

AI Summary

  • Prohibits title insurance corporations from making payments to lenders or mortgage lenders on claims when the underlying property transaction was false or fraudulent
  • Officially titled the "Deed Theft: Bank and Lender Accountability Act"
  • Amends Section 6408 of New York Insurance Law by adding a new subsection (e)
  • Applies to any person, firm, association, or corporation organized or qualified under the title insurance article
  • Takes effect 90 days after becoming law

Legislative Description

Prohibits title insurance corporations from making payments to lenders on title insurance claims when the transaction conveying such title is false or fraudulent.

Last Action

referred to insurance

2/12/2026

Committee Referrals

Insurance2/12/2026

Full Bill Text

No bill text available