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1999 SESSION

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HB 1829 CRESPA; standards and financial responsibility.

Introduced by: Clarence E. Phillips | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

CRESPA; standards and financial responsibility. Provides that settlement agents may apply for a waiver of the required $100,000 blanket fidelity bond or employee dishonesty insurance policy covering persons employed by the settlement agent when the settlement agent has no employees other than owners, partners, shareholders or members who have authorized access to the settlement agent’s trust account or other similar fiduciary duties.

FULL TEXT

• 01/14/99  House: Presented & ordered printed 999736400  pdf

HISTORY

• 01/14/99  House: Presented & ordered printed 999736400
• 01/14/99  House: Referred to Committee on Corporations, Insurance and Banking
• 01/20/99  House: Assigned to C. I. B. sub-committee: 2
• 02/03/99  House: Passed by indefinitely in C. I. B. (17-Y 7-N)