SB18-125

SB18-125 - Title Insurance Entity Fiduciary Duties

Passed/Signed into Law
Concerning fiduciary responsibilities of title insurance entities to protect funds held in conjunction with real estate closing settlement services.

The bill requires title insurance entities and affiliates or subsidiaries to hold funds belonging to others in a fiduciary capacity. 'Fiduciary funds' means all funds received in conjunction with real estate closing and settlement services. The commissioner of insurance shall promulgate rules regarding fiduciary funds.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

 

Latest update: March 29, 2018
03/29/2018 - Governor Signed
03/22/2018 - Sent to the Governor
03/22/2018 - Signed by the Speaker of the House
03/21/2018 - Signed by the President of the Senate
03/14/2018 - House Third Reading Passed - No Amendments
03/13/2018 - House Second Reading Passed - No Amendments
03/08/2018 - House Committee on Business Affairs and Labor Refer Unamended to House Committee of the Whole
03/01/2018 - Introduced In House - Assigned to Business Affairs and Labor
02/26/2018 - Senate Third Reading Passed with Amendments - Floor
02/23/2018 - Senate Second Reading Passed with Amendments - Committee, Floor
02/22/2018 - Senate Second Reading Laid Over Daily - No Amendments
02/21/2018 - Senate Second Reading Laid Over Daily - No Amendments
02/20/2018 - Senate Second Reading Laid Over Daily - No Amendments
02/14/2018 - Senate Committee on Business, Labor, & Technology Refer Amended to Senate Committee of the Whole
01/29/2018 - Introduced In Senate - Assigned to Business, Labor, & Technology