Bill Text: CT HB05352 | 2011 | General Assembly | Introduced

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Bill Title: An Act Prohibiting The Assessment Of Title Insurance Fees Upon The Refinancing A Mortgage Loan.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2011-02-04 - Public Hearing 02/10 [HB05352 Detail]

Download: Connecticut-2011-HB05352-Introduced.html

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General Assembly		Proposed Bill No. 5352
January Session, 2011		LCO No. 2055
Referred to Committee on Banks
Introduced by:
REP. ROVERO, 51st Dist.

AN ACT PROHIBITING THE ASSESSMENT OF TITLE INSURANCE FEES UPON THE REFINANCING A MORTGAGE LOAN.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That title 36a of the general statutes be amended to eliminate the requirement that a title insurance fee be assessed upon the refinancing of a loan secured by real property.

Statement of Purpose:

To reduce additional title insurance costs incurred by homeowners by allowing the assessment of a title insurance fee only once at the time the original mortgage loan is made.