Public Act 80 of 2009

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• Introduced by Rep. Ben Lujan (D) on January 30, 2009, to allow title insurance companies to file county specific rates but require the state to set rules for the filing and approval of rates, require specific rate discounts for certain properties, and prohibit insurers from compensating realtors or others for business referrals, and forbid them from entering into reinsurance agreements with parties that refer business without state approval.
  • Referred to the House Consumers and Public Affairs Committee on January 30, 2009.
    • Amendment offered in the House on February 18, 2009, to make certain exceptions for title insurance issued for Native American tribes or pueblos. The amendment passed by voice vote in the House on February 18, 2009.
  • Referred to the House Business and Industry Committee on February 18, 2009.
    • Substitute offered in the House on March 4, 2009, to replace the previous version of the bill with one that revises various details, but does not change its substance. The substitute passed by voice vote in the House on March 4, 2009.
  • Reported in the House on March 4, 2009.
• Passed 59 to 0 in the House on March 6, 2009, to allow title insurance companies to file county specific rates but require the state to set rules for the filing and approval of rates, require specific rate discounts for certain properties, and prohibit insurers from compensating realtors or others for business referrals, and forbid them from entering into reinsurance agreements with parties that refer business without state approval.
  Who Voted "Yes" and Who Voted "No"
• Received in the Senate on March 6, 2009.
  • Referred to the Senate Corporations and Transportation Committee on March 6, 2009.
  • Referred to the Senate Judicary Committee on March 14, 2009.
  • Reported in the Senate on March 15, 2009.
• Passed 39 to 0 in the Senate on March 17, 2009, to allow title insurance companies to file county specific rates but require the state to set rules for the filing and approval of rates, require specific rate discounts for certain properties, and prohibit insurers from compensating realtors or others for business referrals, and forbid them from entering into reinsurance agreements with parties that refer business without state approval.
  Who Voted "Yes" and Who Voted "No"
• Signed by Gov. Bill Richardson on April 3, 2009, to allow title insurance companies to file county specific rates but require the state to set rules for the filing and approval of rates, require specific rate discounts for certain properties, and prohibit insurers from compensating realtors or others for business referrals, and forbid them from entering into reinsurance agreements with parties that refer business without state approval.