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2005 SESSION

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HB 1575 Consumer Real Estate Settlement Protection Act; prohibits separate charge.

Introduced by: David B. Albo | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Consumer Real Estate Settlement Protection Act; separate charge prohibited.  Prohibits settlement agents from making a separate charge on a settlement statement for complying with requirements that settlement agents collect, maintain, and report to the Department of Taxation information regarding transactions involving the transfer of title to real estate. Though the cost of compliance with such requirements may not be assessed as a separate charge, settlement agents are not prohibited from taking this cost into account in establishing their charges for performing escrow, closing or settlement services.

FULL TEXT

• 12/10/04  House: Prefiled & ordered printed; offered 01/12/05 051289204  pdf

HISTORY

• 12/10/04  House: Prefiled & ordered printed; offered 01/12/05 051289204
• 12/10/04  House: Referred to Committee on Commerce and Labor
• 02/03/05  House: Stricken from docket by C. & L. (21-Y 0-N)