New York Senate bill seeks to block title insurance payouts in fraudulent deed cases
Senate Bill 7732, introduced on May 2, 2025, aims to amend Section 6408 of the New York Insurance Law. Officially titled the Deed Theft: Bank and Lender Accountability Act, the bill introduces a new subsection (e) that would prevent any title insurance company organized or qualified under the article from paying claims to a lender or mortgage lender when the underlying transaction involves a “false or fraudulent” conveyance.
