INSURANCE – States findings of the Legislature and reaffirms support for state-based title insurance regulation.

Idaho's HCR 7 is a legislative resolution stating the state's support for maintaining state-based regulation of title insurance, directly affecting Idaho's title insurance industry and state regulators. The resolution responds to specific federal actions it views as threats, including a Federal Housing Finance Agency pilot program allowing title insurance waivers and changes by Fannie Mae/Freddie Mac to permit attorney opinion letters instead of title insurance. The resolution commits Idaho to monitoring and opposing federal efforts to bypass state regulation, such as encouraging alternatives to title insurance or waiving its requirement in mortgage transactions. This is a declarative statement of policy, not a new law, reaffirming Idaho's position against federal encroachment on state insurance oversight.