New York A 10147: Prohibits title insurance corporations from paying certain claims for fraudulent conveyances

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A10147 Summary:

BILL NOA10147 

&nbsp

SAME ASSAME AS S07732

&nbsp

SPONSORSeptimo

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §6408, Ins L

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Prohibits title insurance corporations from making payments to lenders on title insurance claims when the transaction conveying such title is false or fraudulent.

Go to top A10147 Actions:

BILL NOA10147 

&nbsp

02/12/2026referred to insurance

Go to topA10147 Committee&nbspVotes:

Go to topA10147 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA10147 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10147

 IN ASSEMBLY

 February 12, 2026
 ___________

 Introduced by M. of A. SEPTIMO -- read once and referred to the Commit-
 tee on Insurance

 AN ACT to amend the insurance law, in relation to prohibiting title
 insurance corporations from paying certain claims for fraudulent
 conveyances

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. This act shall be known and may be cited as the "deed
 2 theft: bank and lender accountability act".
 3 § 2. Section 6408 of the insurance law is amended by adding a new
 4 subsection (e) to read as follows:
 5 (e) Notwithstanding any other provisions of this article, no person,
 6 firm, association or corporation organized or qualified under this arti-
 7 cle shall make payments to a lender or mortgage lender on claims based
 8 on a title insurance policy issued by such person, firm, association, or
 9 corporation when the transaction conveying such title is false or frau-
 10 dulent.
 11 § 3. This act shall take effect on the ninetieth day after it shall
 12 have become a law.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD10523-01-5

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