AB 1704 California Assembly · 2013-2014 Regular Session

Underwritten title companies: escrow.

Summary

Existing law authorizes an underwritten title company, as defined, to engage in the escrow business and act as an escrow agent as long as it fulfills specified requirements. Existing law requires an underwritten title company to obtain a license from the Insurance Commissioner by filing an application with the commissioner and paying a filing fee of $354. This bill would authorize the commissioner to license an underwritten title company to engage in escrow business in all counties of this state with one application. This bill would also require an underwritten title company seeking to expand its escrow business to pay a one-time fee of $449 or the reasonable regulatory cost, whichever is less.

Bill status failed 1 of 4 stages cleared

Introduction

Feb 2014

Committee Review

Floor Vote

Governor

Introduced Feb 13, 2014 Last action Nov 30, 2014

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 23, 2014

Lower · Passed

In committee: Set, first hearing. Hearing canceled at the request of author.

lower

Apr 1, 2014

Committee

Re-referred to Com. on INS.

lower

Mar 28, 2014

Introduced

From committee chair, with author's amendments: Amend, and re-refer to Com. on INS. Read second time and amended.

lower

Mar 28, 2014

Committee

Referred to Com. on INS.

lower

Feb 14, 2014

Lower · Passed

From printer. May be heard in committee March 16.

lower

1 primary · 0 co-sponsors