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