Bill
Bill > H952
MA H952
Resolve establishing a commission to better protect consumers in Massachusetts
summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
By Representative Cabral of New Bedford, a petition of Antonio F. D. Cabral and others for an investigation by a special commission (including members of the General Court) to better protect consumers by studying and analyzing title insurance practices. Financial Services.
AI Summary
This bill establishes a special commission to better protect consumers in Massachusetts by studying and analyzing title insurance practices. The commission will review state laws and enforcement mechanisms related to title insurance, identify issues affecting consumers, examine rate-setting factors, compare rates and services to other states, and explore ways to improve consumer education. The commission will also study affiliated business arrangements, title insurance for mortgage refinancing, the feasibility of a public title insurance option, alternatives to real estate attorneys as sales agents, and the impact of "registered land" on title insurance. The 13-member commission will include lawmakers, state officials, and representatives from relevant organizations, and must report its findings and recommendations to the legislature by July 31, 2024.
Committee Categories
Business and Industry
Sponsors (4)
Last Action
Accompanied a study order, see H4705 (on 06/03/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/H952 |
| BillText | https://malegislature.gov/Bills/193/H952.pdf |
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