SB 577 North Carolina Senate · 2025-2026 Session

Title Insurance Kickbacks Clarification.

SB 577 clarifies North Carolina's ban on kickbacks in title insurance transactions, directly affecting real estate agents, attorneys, lenders, and title companies during property sales. The bill prohibits paying or receiving kickbacks, rebates, or commissions related to title insurance, except for payments to employees or shareholders of legitimate title insurers meeting specific conditions. It requires written disclosures about referrals to buyers, aligning with federal Real Estate Settlement Procedures Act (RESPA) rules, and violations carry a Class 2 misdemeanor penalty with fines up to $5,000. The law takes effect December 1, 2025, applying to offenses after that date.

Bill status in committee 1 of 4 stages cleared

Introduction

Mar 2025

Committee Review

Floor Vote

Governor

Introduced Mar 25, 2025 Last action Mar 26, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Filed → Edition 1 · 3 edits

MINOR

This diff shows primarily technical and formatting changes to Senate Bill 577 as it moved from filing to its first published edition. The bill's substantive content regarding title insurance kickback prohibitions remains unchanged. The changes include updating document identifiers, adding session information, and reformatting the header and footer sections for official publication.

TECHNICAL

Updated document tracking numbers from 'DRS15241-NE-73' to 'S577-v-1' to reflect the official bill version.

Added session date information (March 26, 2025) and committee referral details (Rules and Operations of the Senate) to the bill header.

Reformatted page headers and footers to match standard legislative publication format with consistent spacing and alignment.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 26, 2025

Committee

Ref To Com On Rules and Operations of the Senate

upper

Mar 25, 2025

Introduced

Filed

upper

2 primary · 1 co-sponsor