SB2648 transfers enforcement of the Title Insurance Act to the Department of Insurance, affecting title insurance companies and agents.
SB2648 amends the Title Insurance Act by transferring enforcement responsibilities from the Department of Financial and Professional Regulation to the Department of Insurance. It affects title insurance companies and agents by changing the authority overseeing their operations, licensing, and compliance with state regulations. The bill also modifies the handling of escrow funds and the role of independent escrowees in real property transactions.
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