Virginia · 2026 Regular Session · Bill
SB 622: Title insurance; schedule of risk rates, policy rates.
Passed one chamber Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 622 is a bill introduced in the Virginia Senate on January 14, 2026. According to its official title, it concerns: Title insurance; schedule of risk rates, policy rates. Primary sponsor: Dave Marsden (Democratic). Most recent recorded action (March 2, 2026): Tabled in Courts of Justice (14-Y 4-N).
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Title insurance; schedule of risk rates. Requires each title insurance company to publish its schedule of risk rates, including policies, endorsements, closing protection letter fees, any rate classifications or groupings, and any modifications or amendments. The bill prohibits a title insurance company or a title insurance agency or agent from charging a policy rate for a title insurance policy that exceeds those set forth in the title insurance company's published schedule of policy rates, with certain exceptions. Notwithstanding such prohibition, the bill permits a title insurance company or its agent to charge policy rates that it negotiates on policies insuring an owner-occupied primary residence in which a natural person or estate planning entity is in title.
Sponsors
Sponsors by party (alphabetical): Democratic 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Dave Marsden | Primary sponsor | Democratic | Senate | 35 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Tabled in Courts of Justice (14-Y 4-N)
- Referred from Labor and Commerce and referred to Courts of Justice and rereferred to Courts of Justice (Voice Vote)
- Subcommittee recommends referring to Courts of Justice and rereferred to Courts of Justice (Voice Vote)
- Assigned HCL sub: Subcommittee #1
- Referred to Committee on Labor and Commerce
- Read first time
- Placed on Calendar
- Fiscal Impact Statement from State Corporation Commission (SB622)
- Read third time and passed Senate
- Engrossed by Senate - committee substitute
- Engrossed by Senate (Voice Vote)
- Commerce and Labor Substitute agreed to
Showing 12 most recent of 22 actions. Full history