SB22: Requiring title agents to make their audit reports available for inspection instead of submitting such reports annually, requiring the amount of surety bonds filed with the commissioner of insurance to be $100,000 and eliminating the controlled business exemption in certain counties.

In CommitteeSenate

Introduced

In Committee

Passed Chamber

Passed Both

Signed

Plain-Language Summary

This bill changes how title agents report their audits. Instead of submitting reports annually, they'll make them available for inspection. It also increases the amount of surety bonds and removes an exemption.

Who This Affects

This affects title agents in Kansas who will need to make their audit reports publicly available. Homebuyers and sellers may be impacted as well since this change could affect the process of buying or selling a home.

Key Provisions

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Timeline

Introduced

Thursday, January 16, 2025

Last Action

House Motion to accede adopted; Representative Sutton, Representative Bergkamp and Representative Neighbor appointed as conferees

Mar 10, 2025

SB22: Requiring title agents to make their audit reports available for inspection instead of submitting such reports annually, requiring the amount of surety bonds filed with the commissioner of insurance to be $100,000 and eliminating the controlled business exemption in certain counties.

Plain-Language Summary

Who This Affects

Key Provisions

Timeline

Sponsors

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