New York Senate bill seeks to block title insurance payouts in fraudulent deed cases
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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.
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