Amends existing law to provide that title insurers may provide a reimbursement or discount of escrow fees or title insurance premiums in certain instances and to provide that nothing shall prohibit title insurers from providing a certain reimbursement or discount of escrow fees or title insurance premiums.
TITLE INSURANCE -- Amends existing law to provide that title insurers may provide a reimbursement or discount of escrow fees or title insurance premiums in certain instances and to provide that nothing shall prohibit title insurers from providing a certain reimbursement or discount of escrow fees or title insurance premiums.
STATEMENT OF PURPOSE
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To amend portions of Title 41, Idaho Code, to allow title insurance companies to reimburse bona fide employees for both title insurance premiums and escrow fees otherwise payable by the employee to the insurance agent or company in connection with the employee's non-business real estate transactions.
HOW THEY VOTED
House Third Reading
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YEA (67)
NAY (0)
ABSENT / NOT VOTING (3)
Senate Third Reading
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YEA (34)
NAY (0)
ABSENT / NOT VOTING (1)
LATEST ACTION
Reported Signed by Governor on March 20, 2018 Session Law Chapter 213 Effective: 07/01/2018