Authorizes the superintendent of financial services to study and report on title insurance premium rates in New York State.
The bill directs the superintendent of financial services to conduct a comprehensive study on title insurance premium rates in New York State. The study will analyze current rates, identify potential steps to reduce them, and detail service charges added to customers' bills. The superintendent must issue a report to the governor and the legislature within one year of the act's effective date. The act takes effect immediately.
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