Page 1 of 3 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Regular Session, 2011 ENROLLED SENATE BILL NO. 36 BY SENATOR MORRISH Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana. AN ACT1 To amend and reenact R.S. 22:512(1) and 17(b)(vi)(introductory paragraph) and R.S.2 37:212(A)(2)(d), relative to abstracts of title; to provide definitions; to provide3 relative to title insurance; to provide relative to abstracts of title and title examination4 and opinions; to provide relative to the practice of law; to provide definitions, terms,5 procedures, conditions, and requirements; to provide for an effective date; and to6 provide for related matters.7 Be it enacted by the Legislature of Louisiana:8 Section 1. R.S. 22:512(1) and 17(b)(vi)(introductory paragraph) are hereby amended9 and reenacted to read as follows: 10 §512. Definitions11 As used only in this Subpart, the following words are defined as:12 (1)(a) "Abstract of title" or "abstract" shall mean a written history, synopsis,13 or summary of the recorded instruments affecting the title to movable or immovable14 property a written history, synopsis, or summary of the recorded instruments in15 the public records affecting the title to immovable property that: (i) is prepared16 and certified by the abstractor in accordance with the minimum search periods17 and requirements of a title opinion as set forth in Paragraph (17) of this Section;18 (ii) includes a photocopy or electronic copy of such recorded instruments, or19 extracts of such recorded instruments prepared by the abstractor who20 personally reviewed such recorded instruments; and (iii) is dated and signed by21 the abstractor and presented to an attorney duly licensed and authorized to22 practice law in Louisiana, as set forth in Paragraph (17) of this Section and R.S.23 37:212, for examination.24 (b) For the purpose of this Paragraph, "public records" shall mean all25 instruments, including actual attachments thereto, which are recorded in the26 SB NO. 36 ENROLLED Page 2 of 3 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. mortgage and conveyance records maintained by the clerk of court of the parish1 in which the property is situated, and the ad valorem property tax records for2 the parish and political subdivision in which the property is situated.3 (c) Nothing in this Section prohibits any attorney duly licensed and4 authorized to practice law in Louisiana from personally reviewing and5 examining the public records in order to certify or give an opinion as to the title6 to immovable property.7 * * *8 (17) "Title insurance business" or "business of title insurance" shall mean:9 * * *10 (b) Transacting or proposing to transact by a title insurer or a title insurance11 agent any of the following activities when conducted or performed in contemplation12 of or in conjunction with the issuance of a title insurance report or policy:13 * * *14 (vi) Examining titles; however, any title insurance report or title insurance15 policy relating to immovable property shall be based upon an examination of title16 which shall be conducted the public records or a personal examination of an17 abstract. Such examinations shall be conducted and title opinion rendered only18 by an attorneys duly licensed and authorized to practice law in Louisiana as19 provided in R.S. 37:212. The examination and resulting opinion, if it furnishes the20 basis of a title insurance report or title insurance policy relating to immovable21 property, shall be reduced to writing by the attorney. The title opinion shall contain22 the following:23 * * *24 Section 2. R.S. 37:212(A)(2)(d) is hereby amended and reenacted to read as follows:25 §212. "Practice of law" defined26 A. The practice of law means and includes:27 * * *28 (2) For a consideration, reward, or pecuniary benefit, present or anticipated,29 direct or indirect;30 SB NO. 36 ENROLLED Page 3 of 3 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. * * *1 (d) Certifying or giving opinions, or rendering a title opinion as a basis of2 any title insurance report or title insurance policy as provided in R.S.3 22:512(17), as it relates to title to immovable property or any interest therein or as4 to the rank or priority or validity of a lien, privilege or mortgage as well as the5 preparation of acts of sale, mortgages, credit sales or any acts or other documents6 passing titles to or encumbering immovable property.7 * * *8 Section 3. This Act shall become effective on January 1, 2012.9 PRESIDENT OF THE SENATE SPEAKER OF THE HOUSE OF REPRESENTATIVES GOVERNOR OF THE STATE OF LOUISIANA APPROVED: