A 1688 New York Assembly · 2025 Regular Session

Directs the state insurance fund to offer title insurance and authorizes the superintendent of financial services to implement such program

This bill creates a new "title insurance fund" within New York's existing state insurance fund, allowing it to offer title insurance policies and clear title certificates to property owners. The superintendent of financial services must establish a dedicated title insurance bureau and develop rules to implement the program. The fund will be financed by premiums paid for title insurance, with all related expenses covered from these dedicated funds. This directly affects property buyers and sellers seeking title insurance by adding a state-run option alongside private insurers.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 14, 2025 Last action Jan 7, 2026
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO LABOR
lower
Jan 14, 2025
Committee
REFERRED TO LABOR
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of David Weprin
David Weprin
DDemocratic
NY
24