Prohibits title insurance corporations from paying claims to lenders if the title transaction is fraudulent.

The bill, known as the "deed theft: bank and lender accountability act," amends the insurance law to prevent title insurance corporations from making payments to lenders on claims when the title transaction is false or fraudulent. This measure aims to protect lenders from fraudulent title claims. The act will take effect 90 days after becoming law.

Prohibits title insurance corporations from paying claims to lenders if the title transaction is fraudulent.

The bill, known as the "deed theft: bank and lender accountability act," amends the insurance law to prevent title insurance corporations from making payments to lenders on claims when the title transaction is false or fraudulent. This measure aims to protect lenders from fraudulent title claims. The act will take effect 90 days after becoming law.