Loading
Loading
Your feedback directly shapes Sporos.
Sign in to track your feedback history
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. Notwithstanding such prohibition, the bill permits a title insurance company or its agent to charge policy rates that it negotiates on policies insuring an owner-occupied primary residence in which a natural person or estate planning entity is in title.
Introduced
Jan 14, 2026
Last Action
Mar 2, 2026
Session
VA 2026
Sponsors
1 primary · 0 co
Tabled in Courts of Justice (14-Y 4-N)
Referred from Labor and Commerce and referred to Courts of Justice and rereferred to Courts of Justice (Voice Vote)
Subcommittee recommends referring to Courts of Justice and rereferred to Courts of Justice (Voice Vote)
Assigned HCL sub: Subcommittee #1
Referred to Committee on Labor and Commerce
Read first time
Placed on Calendar
Fiscal Impact Statement from State Corporation Commission (SB622)
Read third time and passed Senate
Engrossed by Senate (Voice Vote)
Read second time
Commerce and Labor Substitute agreed to
Engrossed by Senate - committee substitute
Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
Passed by for the day
Passed by for the day Block Vote (Voice Vote)
Rules suspended
Committee substitute printed 26106256D-S1
Senate committee offered
Reported from Commerce and Labor with substitute (15-Y 0-N)
Referred to Committee on Commerce and Labor
Prefiled and ordered printed; Offered 01-14-2026 26104036D
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Tabled in Courts of Justice (14-Y 4-N)
David W. Marsden