HB 3362

Status	In House Committee (HECD)
Session	2019 Regular Session
Requested by	(at the request of Leroy Blodgett)
Sponsors	David Brock Smith (Republican) (Chief), Diego Hernandez (Democrat)
Fiscal impact	May have fiscal impact, but no statement yet issued
Revenue impact	May have revenue impact, but no statement yet issued

Bill Text

Introduced

Prohibits title insurance companies from refusing to issue policies or close transactions solely because property was used for lawful cannabis-related activities.

Original Bill Text

Overview#

Prohibits person that transacts title insurance in this state from refusing to issue policy of title insurance or refusing to close or insure real property transaction solely because real property that is subject of the transaction has been used for purpose of growing, producing, manufacturing or selling cannabis, or conducting other activities related to cannabis, if growing, production, manufacture, sale or other activities occurred in compliance with state laws relating to regulation of marijuana items. Provides that violation of provisions of Act is unfair and deceptive practice in transaction of insurance. Requires Director of Department of Consumer and Business Services to adopt rules to prohibit violation and to provide for imposing civil penalty of not more than $5,000 for violation. Becomes operative on January 1, 2020. Takes effect on 91st day following adjournment sine die.

Legislative History

Date	Chamber	Action
2019-03-04	H	First reading. Referred to Speaker's desk.
2019-03-05	H	Referred to Economic Development.
2019-03-11	H	Public Hearing held.
2019-06-30	H	In committee upon adjournment.