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SB622

Title insurance; schedule of risk rates, policy rates.

Status:
In House

Latest Action: Feb. 4, 2026
House: Referred to Committee on Labor and Commerce

Chief Patron:
Dave Marsden (D)

Session:
2026 Regular Session

Summary

As Introduced. Title insurance; schedule of risk rates.

Requires each title insurance company to publish its schedule of risk rates, including policies, endorsements, closing protection letter fees, any rate classifications or groupings, and any modifications or amendments. The bill prohibits a title insurance company or a title insurance agency or agent from charging a policy rate for a title insurance policy that exceeds those set forth in the title insurance company's published schedule of policy rates, with certain exceptions. (Less)
  • Bill History

  • 01/14/2026 - Senate: Prefiled and ordered printed; Offered 01-14-2026 26104036D
  • 01/14/2026 - Senate: Referred to Committee on Commerce and Labor
  • 01/26/2026 - Senate: Reported from Commerce and Labor with substitute (15-Y 0-N)
  • 01/26/2026 - Senate: Senate committee offered
  • 01/27/2026 - Senate: Committee substitute printed 26106256D-S1
  • 01/28/2026 - Senate: Rules suspended
  • 01/28/2026 - Senate: Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
  • 01/28/2026 - Senate: Passed by for the day Block Vote (Voice Vote)
  • 01/29/2026 - Senate: Read second time
  • 01/29/2026 - Senate: Commerce and Labor Substitute agreed to
  • 01/29/2026 - Senate: Engrossed by Senate (Voice Vote)
  • 01/29/2026 - Senate: Engrossed by Senate - committee substitute
  • 01/30/2026 - Senate: Read third time and passed Senate
  • 02/03/2026 - Senate: Fiscal Impact Statement from State Corporation Commission (SB622)
  • 02/04/2026 - House: Placed on Calendar
  • 02/04/2026 - House: Read first time
  • 02/04/2026 - House: Referred to Committee on Labor and Commerce

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com


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