Bill > AB2198

This bill, by requiring that any new or increased rates for title insurance be publicly displayed both physically and online for at least 40 days, extends the current 30-day public notice period and aims to give consumers more time to be aware of and react to changes in title insurance costs. Title insurance protects property owners and lenders against financial loss from defects in the title to a property, and this bill specifically targets how companies that provide this insurance, including underwritten title companies and controlled escrow companies, must announce their pricing. The legislation also reiterates that any rate increases will not affect policies or services that have already been agreed upon before the new rate takes effect.

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB2198