Establishes a commission to study title insurance practices and recommend changes to protect Massachusetts consumers.
The bill establishes a special commission to study title insurance practices and their impact on consumers in Massachusetts. The commission will analyze title insurance premium rates, affiliated business arrangements, and the feasibility of a public option for title insurance. It will also review state laws, identify ways to improve consumer education, and study the impact of mechanics' liens and risk transfer for registered land properties. The commission will report its findings and recommendations by December 31, 2026.
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