An Act to reform title insurance

This bill prohibits lenders from charging homeowners for lender's title insurance when they refinance their home mortgage. It requires title insurance companies to provide buyers with a detailed written disclosure at closing, breaking down costs into premiums, commissions, and other fees. Buyers also gain the right to basic or reissue rates (if insured within 15 years) for title insurance. The law directly affects homeowners refinancing mortgages and aims to increase transparency in title insurance pricing.