SB 148 - Introduced Summary
- Introduced -

SB 148 - This act amends the law relating to the financial responsibilities of real estate settlement agents. Under the current law, a title insurer, insurance agency, or agent may not make a withdrawal from an escrow account in excess of $10,000 unless there has been a corresponding deposit prior to the withdrawal. This act exempts funds received from financial institutions from the limitation above.

DAVID VALENTINE