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Bill > SB00756


CT SB00756

CT SB00756
An Act Requiring The Department Of Consumer Protection To Study Licensing And Regulatory Requirements For Individuals Who Perform Title Searches Of Real Property In This State.


summary

Introduced
01/17/2025
In Committee
01/17/2025
Crossed Over
Passed
Dead
06/04/2025

Introduced Session

2025 General Assembly

Bill Summary

To require that the Commissioner of Consumer Protection (1) conduct a study to evaluate the establishment of licensing and regulatory requirements for individuals who perform title searches of real property in this state, and (2) submit a report, in accordance with the provisions of section 11-4a of the general statutes, to the joint standing committees of the General Assembly having cognizance of matters relating to general law and insurance on the findings of such study.

AI Summary

This bill requires the Connecticut Commissioner of Consumer Protection to conduct a comprehensive study evaluating the potential establishment of licensing and regulatory requirements for professionals who perform title searches on real property within the state. A title search is a detailed examination of public property records to verify the legal ownership and determine any existing liens, encumbrances, or other legal claims on a specific piece of real estate. Upon completing the study, the Commissioner must submit a formal report to the joint standing legislative committees responsible for general law and insurance, following the standard reporting procedures outlined in section 11-4a of the state's general statutes. The purpose of this study is to assess whether implementing a formal licensing and regulatory framework for title search professionals would help improve the accuracy, reliability, and professional standards of these critical real estate transaction services.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Referred to Joint Committee on Insurance and Real Estate (on 01/17/2025)

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