Legislative Developments

As May 31, the day the National Flood Insurance Program expires, looms closer, Rep. Judy Biggert, introduced a short term extension to the program, in hopes that the Senate would pass a long-term extension in that time. She did more than just change the date in the statute, however. She put in some of the key reforms introduced as part of the long term extension bill she introduced last year.

Minnesota Gov. Mark Dayton signed a bill that adds certain professions the list of those exempted from the state’s closing agent licensing law. Read on for the details.

Last week the U.S. Senate Banking Committee’s Subcommittee for Economic Policy held a hearing regarding the fate of the National Flood Insurance Program. With only weeks left until the program is halted, those testifying intensified the call to re-authorize and reform the program. Read on for more details.

Georgia Gov. Nathan Deal signed a bill that would amend the requirements for providing notice of a foreclosure sale in the state. Read on for more details.

With less than a month until the National Flood Insurance Program lapses again, members of various aspects of the real estate community urged Senate leadership to reauthorize the program. Read on for more details.

Title insurers in Georgia can now issue closing protection letters for real estate transactions they insure and charge a fee for the service. Gov. Nathan Deal signed a bill approving legislation governing CPLs, which went into effect immediately.

Two months after its passage in the Florida legislature, Gov. Rick Scott signed a bill that prepares the way for an effective agent data call and amend other aspects of title insurance regulation. Read on for more details.

Sen. David Vitter on the Senate floor urged Senate Majority Leader Harry Reid to bring up for a vote a bill that would extend the National Flood Insurance Program for five years. Read on for details.

The General Assembly of Connecticut is considering changes to its recording statutes. Read on to find out what changes it is considering.

Industry members in Colorado wanted to address concerns relating to non-resident agencies and their use of short searches and generic exceptions, so they put forth legislation that they felt would solve the problem. That legislation caused some concerns from other members of the industry. The bill died in committee, leaving the Land Title Association of Colorado to investigate other ways to address member concerns.