An Act to reform title insurance

Summary

The proposal adds a new Title Insurance Law that stops lenders from charging borrowers for title insurance when they refinance a mortgage. It also forces insurers to file quarterly rate statements that are posted publicly and requires detailed cost disclosures to buyers at closing. The aim is to protect consumers and promote competition in the title‑insurance market.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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