SB 57 - Klindt, David
Exempts certain employees from holding a title insurance license
Bill Details
Sponsor
LR Number
0258L.06C
Title
HCS SCS SB 57
House Handler
Journal Page
N/A
Effective Date
August 28, 2005
Current Status
H Calendar S Bills for Third Reading
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
HCS/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.
STEPHEN WITTE