HOUSE BILL 197

File Code: Insurance - Other than Health

Sponsored By:

Chairman, Economic Matters Committee (By Request - Departmental - Insurance Administration, Maryland)

Entitled:

Title Insurance - Converted or Misappropriated Trust Moneys - Responsibility of Title Insurer

Synopsis:

Requiring title insurers under specified circumstances to be responsible for trust moneys converted or misappropriated by title insurance producers while acting on behalf of the title insurer or while providing escrow, closing, or settlement services on behalf of the title insurer.

History by Legislative Date

House Action

1/29

First Reading Economic Matters

2/12

Hearing 2/20 at 1:00 p.m.

3/18

Unfavorable Report by Economic Matters

Senate Action

No Action

Sponsored by:

Chairman, Econ. Matters Comm.

Departmental

Bill indexed under the following Subjects:

ESCROW ACCOUNTS

INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS

LIABILITY -see also- GOOD SAMARITAN

REAL ESTATE -see also- AGENTS AND BROKERS

TITLES

Bill affects the following Statute:

Insurance

( 22-103 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered