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SCS/SB 57 - This act exempts certain employees of a title agency or title insurer from possessing a license. An employee will not be required to hold a license if: (1) He or she is an escrow processor whose primary responsibility is to obtain and prepare figures for closing real estate transactions. (2) The employee's primary duties are limited to clerical functions. (3) The employee's primary duties are limited to providing technical support or advice regarding business systems, software or other business equipment. In order to qualify for the above exemptions, the employee cannot quote or negotiate title insurance rates or determine title insurance policy coverages. This act reduces the fee to obtain a license to sell title insurance for residents of this state from $100 to $60. The lowering of this fee shall not apply to nonresident producers who apply for, or renew a license to sell title insurance. STEPHEN WITTE
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