Bill Title: Amends the Title Insurance Act. Provides that the Secretary of Financial and Professional Regulation also may refuse to grant and may suspend or revoke a certificate of authority, registration, or license issued under the Act or impose a fine if the Secretary determines that the holder of or applicant for a certificate of authority, registration, or license: (1) is both a holder of a registration as a title insurance agent and a licensed real estate agent or licensed real estate broker and has acted as a licensed real estate agent or licensed real estate broker for any party to a real property transaction in which the person has also acted as a registered title insurance agent or (2) is both a holder of a registration as a title insurance agent and a loan originator, mortgage loan originator, loan officer, or a Nationwide Mortgage Licensing System and Registry license holder and has acted as a loan originator, mortgage loan originator, loan officer, or a Nationwide Mortgage Licensing System and Registry license holder for any party to a real property transaction in which the person has also acted as a registered title insurance agent. Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2019-01-08 - Session Sine Die [HB5986 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Jeanne Ives [R]	Primary	Sponsored Bills	HD-042	FollowTheMoney	Ballotpedia	VoteSmart

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