Bills / H.B. 503
H.B. 503 Real Estate Modifications
- Introduced
- House committee (stopped here)
- House vote
- Senate committee
- Senate vote
- Signed into law
What this bill does
This bill lets an attorney's opinion letter be used instead of title insurance when an escrow is handled for a real estate sale or transfer. It also defines some terms and makes minor technical fixes.
Plain-English summary written by AI from the official description. Check the official text below.
Official description
- defines terms
- provides for the issuance of an attorney opinion letter in lieu of title insurance for purposes of conducting escrow on real property transactions
- makes technical changes
What it costs you
- The fiscal note says this bill doesn't change anyone's taxes or fees. It moves about $3,300 in FY2027between the state's own accounts.
From the bill's latest official fiscal note, counting the state's tax funds (General, Income Tax, Education, Uniform School, and Transportation) in the first full budget year after the session. Some bills take effect partway through that year, so later years can be larger; the note shows each year. Household count: U.S. Census Bureau. An average is a starting point, not your bill.
Your legislators on this bill
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Take action
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Every vote
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Hearings and debates
- Feb 19, 2026 House Judiciary Committee▶ WatchRead the transcript (13 turns) →