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AR HB1367
AR HB1367To Amend The Arkansas Title Insurance Act; And To Regulate Access To Public Records By A Title Agent And A Title Company.
summary
Introduced
02/03/2025
02/03/2025
In Committee
03/13/2025
03/13/2025
Crossed Over
03/10/2025
03/10/2025
Passed
03/18/2025
03/18/2025
Dead
Signed/Enacted/Adopted
03/20/2025
03/20/2025
Introduced Session
95th General Assembly (2025 Regular)
Bill Summary
AN ACT TO AMEND THE ARKANSAS TITLE INSURANCE ACT; TO REGULATE ACCESS TO PUBLIC RECORDS BY A TITLE AGENT AND A TITLE COMPANY; AND FOR OTHER PURPOSES.
AI Summary
This bill amends the Arkansas Title Insurance Act to establish new requirements for government entities regarding access to public records related to real property. Specifically, if a city, county, or state government maintains records of property instruments electronically, they must provide these electronic records to title insurance agents, agencies, or affiliated persons without watermarks or additional notations that were not on the original record. The bill allows these government entities to charge a reasonable fee of up to $150 per month for providing these electronic records. If a government entity does not maintain electronic records, they must provide mechanical reproductions of the property instruments to title insurance professionals within the existing timeframes. The purpose of this legislation appears to be ensuring that title insurance professionals can easily and accurately access public property records, which is crucial for conducting real estate transactions and title searches. The bill aims to standardize and facilitate the process of obtaining property-related documents across different government jurisdictions in Arkansas.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Notification that HB1367 is now Act 346 (on 03/20/2025)
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