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
Floor votes
How they voted
No floor votes recorded yet.
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
David Weprin
DDemocratic
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