Bill Commons

VA SB 622

Status unknown

Title insurance; schedule of risk rates, policy rates.

Virginia · 2026 Regular Session · upper

Quick answers

Did VA SB 622 pass?

The current status of VA SB 622 is not known from the official record. Latest recorded action (2026-03-02): Tabled in Courts of Justice (14-Y 4-N)

What is VA SB 622 about?

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.

Who sponsors VA SB 622?

David W. Marsden is the primary sponsor of VA SB 622.

Description

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.

Introduced
2026-01-14
Latest action
2026-03-02 — Tabled in Courts of Justice (14-Y 4-N)
Bill type
bill
Last updated

Sponsors

  • David W. Marsdenprimary

Committees

Not provided by source.

Action timeline

  1. 2026-01-14

    Prefiled and ordered printed; Offered 01-14-2026 26104036D

    filing,introduction

  2. 2026-01-14

    Referred to Committee on Commerce and Labor

    referral-committee

  3. 2026-01-26

    Reported from Commerce and Labor with substitute (15-Y 0-N)

    committee-passage

  4. 2026-01-26

    Senate committee offered

  5. 2026-01-27

    Committee substitute printed 26106256D-S1

    substitution

  6. 2026-01-28

    Rules suspended

  7. 2026-01-28

    Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)

  8. 2026-01-28

    Passed by for the day Block Vote (Voice Vote)

  9. 2026-01-28

    Passed by for the day

  10. 2026-01-29

    Read second time

    reading-2

  11. 2026-01-29

    Commerce and Labor Substitute agreed to

  12. 2026-01-29

    Engrossed by Senate (Voice Vote)

  13. 2026-01-29

    Engrossed by Senate - committee substitute

    substitution

  14. 2026-01-30

    Read third time and passed Senate

    passage,reading-3

  15. 2026-02-03

    Fiscal Impact Statement from State Corporation Commission (SB622)

  16. 2026-02-04

    Placed on Calendar

  17. 2026-02-04

    Read first time

    reading-1

  18. 2026-02-04

    Referred to Committee on Labor and Commerce

    referral-committee

  19. 2026-02-17

    Assigned HCL sub: Subcommittee #1

    referral-committee

  20. 2026-02-24

    Subcommittee recommends referring to Courts of Justice and rereferred to Courts of Justice (Voice Vote)

  21. 2026-02-26

    Referred from Labor and Commerce and referred to Courts of Justice and rereferred to Courts of Justice (Voice Vote)

    referral-committee

  22. 2026-03-02

    Tabled in Courts of Justice (14-Y 4-N)

    deferral

Versions

Documents

Votes

  • Reported from Commerce and Labor with substitute

    2026-01-26 · pass · 15-0

    Member-level votes (15)
    • R. Creigh Deeds: yes
    • Mark D. Obenshain: yes
    • L. Louise Lucas: yes
    • David W. Marsden: yes
    • Adam P. Ebbin: yes
    • Scott A. Surovell: yes
    • William M. Stanley, Jr.: yes
    • Ryan T. McDougle: yes
    • Mamie E. Locke: yes
    • Bryce E. Reeves: yes
    • Bill DeSteph: yes
    • Jeremy S. McPike: yes
    • Mark J. Peake: yes
    • Aaron R. Rouse: yes
    • Lamont Bagby: yes
  • Constitutional reading dispensed R

    2026-01-28 · pass · 40-0

    Member-level votes (40)
    • Lashrecse D. Aird: yes
    • Lamont Bagby: yes
    • Jennifer B. Boysko: yes
    • Jennifer D. Carroll Foy: yes
    • Luther Cifers, III: yes
    • Christie New Craig: yes
    • R. Creigh Deeds: yes
    • Bill DeSteph: yes
    • J.D. "Danny" Diggs: yes
    • Tara A. Durant: yes
    • Adam P. Ebbin: yes
    • Barbara A. Favola: yes
    • Timmy French: yes
    • T. Travis Hackworth: yes
    • Christopher T. Head: yes
    • Michael J. Jones: yes
    • Emily M. Jordan: yes
    • Mamie E. Locke: yes
    • L. Louise Lucas: yes
    • David W. Marsden: yes
    • Ryan T. McDougle: yes
    • Jeremy S. McPike: yes
    • Tammy Brankley Mulchi: yes
    • Mark D. Obenshain: yes
    • Mark J. Peake: yes
    • Stella G. Pekarsky: yes
    • Russet Perry: yes
    • Todd E. Pillion: yes
    • Bryce E. Reeves: yes
    • Danica A. Roem: yes
    • Aaron R. Rouse: yes
    • Saddam Azlan Salim: yes
    • Kannan Srinivasan: yes
    • William M. Stanley, Jr.: yes
    • Richard H. Stuart: yes
    • Glen H. Sturtevant, Jr.: yes
    • David R. Suetterlein: yes
    • Scott A. Surovell: yes
    • Schuyler T. VanValkenburg: yes
    • Angelia Williams Graves: yes
  • Passage R

    2026-01-30 · pass · 38-0

    Member-level votes (40)
    • Lashrecse D. Aird: yes
    • Lamont Bagby: yes
    • Jennifer B. Boysko: yes
    • Jennifer D. Carroll Foy: yes
    • Luther Cifers, III: yes
    • Christie New Craig: yes
    • R. Creigh Deeds: yes
    • Bill DeSteph: yes
    • J.D. "Danny" Diggs: yes
    • Tara A. Durant: yes
    • Adam P. Ebbin: yes
    • Barbara A. Favola: yes
    • Timmy French: yes
    • T. Travis Hackworth: yes
    • Christopher T. Head: yes
    • Michael J. Jones: yes
    • Emily M. Jordan: yes
    • Mamie E. Locke: yes
    • L. Louise Lucas: yes
    • David W. Marsden: yes
    • Ryan T. McDougle: yes
    • Jeremy S. McPike: yes
    • Tammy Brankley Mulchi: not voting
    • Mark D. Obenshain: yes
    • Mark J. Peake: yes
    • Stella G. Pekarsky: yes
    • Russet Perry: yes
    • Todd E. Pillion: yes
    • Bryce E. Reeves: yes
    • Danica A. Roem: yes
    • Aaron R. Rouse: yes
    • Saddam Azlan Salim: yes
    • Kannan Srinivasan: yes
    • William M. Stanley, Jr.: yes
    • Richard H. Stuart: not voting
    • Glen H. Sturtevant, Jr.: yes
    • David R. Suetterlein: yes
    • Scott A. Surovell: yes
    • Schuyler T. VanValkenburg: yes
    • Angelia Williams Graves: yes
  • Tabled in Courts of Justice

    2026-03-02 · pass · 14-4

    Member-level votes (22)
    • Patrick A. Hope: yes
    • Michelle Lopes Maldonado: not voting
    • Vivian E. Watts: yes
    • Marcus B. Simon: yes
    • Richard C. "Rip" Sullivan, Jr.: yes
    • Karrie K. Delaney: yes
    • Phil M. Hernandez: not voting
    • Rae Cousins: yes
    • Atoosa R. Reaser: not voting
    • Katrina Callsen: yes
    • Karen Keys-Gamarra: yes
    • Leslie Chambers Mehta: yes
    • Karen R. "Kacey" Carnegie: yes
    • Virgil Thornton: yes
    • Charlie Schmidt: yes
    • Terry G. Kilgore: no
    • James A. "Jay" Leftwich: yes
    • Jason S. Ballard: not voting
    • Wren M. Williams: yes
    • Will Davis: no
    • Madison Whittle: no
    • Justin Pence: no

Related bills

No related bills recorded for this bill.

Official source

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:35:59.552682Z

Inspect retained evidence for changes recorded after evidence tracking began:

Use this data

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