2009 Senate Bill 179 - Printed

State of South Dakota  
EIGHTY-FOURTH SESSION
LEGISLATIVE ASSEMBLY, 2009  

382Q0673   SENATE BILL   NO.   179  

Introduced by:     Senators Gant and Jerstad and Representatives Peters and Vanderlinde
 

         FOR AN ACT ENTITLED, An Act to  require title insurers to offer coverage for liens filed after certain purchases of real property.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
     Section 1.  That chapter 58-25 be amended by adding thereto a NEW SECTION to read as follows:
     A title insurer shall offer, to any purchaser of real property with new construction, title insurance that provides coverage for any lien filed after such purchaser has purchased the real property. This section applies to any lien filed for material supplied or labor furnished for improvements on real property.

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