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House Business Committee backs resolution opposing federal changes to title insurance
Summary
The House Business Committee voted to send House Concurrent Resolution 7 to the floor with a "do pass" recommendation. The resolution urges preserving state-based title insurance regulation and criticizes what sponsors described as federal overreach in proposed FHFA programs.
The House Business Committee on Feb. 17 voted to send House Concurrent Resolution 7 to the full House with a do-pass recommendation, endorsing state-based regulation of title insurance and objecting to what backers called federal overreach.
Representative John Schertz, the bill sponsor, told the committee the resolution is “at its heart... a federalism, type of resolution,” and that recent federal efforts threatened states’ authority to regulate title insurance. “There has been some efforts previously to undermine the current state of…
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