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First Regular Session | 75th General Assembly
Colorado General Assembly
SB18-125

Title Insurance Entity Fiduciary Duties

Type Bill
Session 2018 Regular Session
Subjects
Insurance

Concerning fiduciary responsibilities of title insurance entities to protect funds held in conjunction with real estate closing settlement services.

Bill Summary:

Title insurance - fiduciary funds - rule-making authority. The act specifies that a title insurance entity and its affiliates and subsidiaries hold funds belonging to others in a fiduciary capacity. Fiduciary funds include all funds received in conjunction with a real estate closing except for closing and settlement service fees. The commissioner of insurance shall promulgate rules regarding the handling of fiduciary funds.
(Note: This summary applies to this bill as enacted.)

Prime Sponsors

Senator Bob Gardner

Senator

Bob Gardner

Senator Daniel Kagan

Senator

Daniel Kagan

Senator Pete Lee

Representative

Pete Lee

Committees

Senate

Business, Labor, & Technology

House

Business Affairs and Labor

Status

Became Law

Introduced

Passed

Became Law

Related Documents & Information

Date Version Documents
03/29/2018 Signed Act PDF
03/22/2018 Final Act PDF
03/14/2018 Rerevised PDF
03/13/2018 Revised PDF
02/26/2018 Reengrossed PDF
02/23/2018 Engrossed PDF
01/29/2018 Introduced PDF
Date Version Documents
02/15/2018 PA1 PDF
Date Version Documents
08/03/2018 FN2 PDF
02/13/2018 FN1 PDF
Activity Vote Documents
Refer Senate Bill 18-125 to the Committee of the Whole. The motion passed on a vote of 11-0. Vote summary
Hearing Summary
|
Committee Report:  PDF
Activity Vote Documents
Adopt amendment L.002 The motion passed without objection. Vote summary
Refer Senate Bill 18-125, as amended, to the Committee of the Whole. The motion passed on a vote of 7-0. Vote summary
Hearing Summary
|
Committee Report:  PDF
Date Calendar Motion Vote Vote Document
03/14/2018 Third Reading BILL
61
AYE
2
NO
1
OTHER
 		Vote record
Date Calendar Motion Vote Vote Document
02/26/2018 Third Reading BILL
33
AYE
0
NO
2
OTHER
 		Vote record
02/26/2018 Third Reading AMEND (L.004)
33
AYE
0
NO
2
OTHER
 		Vote record
Date Location Action
03/29/2018 Governor Governor Signed
03/22/2018 Governor Sent to the Governor
03/22/2018 House Signed by the Speaker of the House
03/21/2018 Senate Signed by the President of the Senate
03/14/2018 House House Third Reading Passed - No Amendments
03/13/2018 House House Second Reading Passed - No Amendments
03/08/2018 House House Committee on Business Affairs and Labor Refer Unamended to House Committee of the Whole
03/01/2018 House Introduced In House - Assigned to Business Affairs and Labor
02/26/2018 Senate Senate Third Reading Passed with Amendments - Floor
02/23/2018 Senate Senate Second Reading Passed with Amendments - Committee, Floor
02/20/2018 Senate Senate Second Reading Laid Over Daily - No Amendments
02/14/2018 Senate Senate Committee on Business, Labor, & Technology Refer Amended to Senate Committee of the Whole
01/29/2018 Senate Introduced In Senate - Assigned to Business, Labor, & Technology

Prime Sponsor

Sponsor

Co-Sponsor

Effective Date Chapter # Title Documents
03/29/2018 73 Title Insurance Entity Fiduciary Duties PDF

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