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Committee approves Senate Bill 22 as amended to standardize title agent audits, raise bond amount and change effective date

2222150 · February 4, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The committee amended and voted to move Senate Bill 22 out of committee favorably for passage. The amendment changes the bill’s effective date to Jan. 1, 2026. The bill requires title‑agent audit reports to be available for inspection, standardizes surety bond amounts at $100,000 and narrows a controlled‑business exception in certain counties.

The Senate Committee on Financial Institutions and Pensions amended and approved Senate Bill 22, which would change how title agents report audits, require inspections rather than annual filings, standardize surety bond amounts at $100,000, and eliminate the controlled‑business exception in certain counties. The committee approved a Revisers’ Office technical amendment to set the bill’s effective date to…

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