General Assembly |
Proposed Bill No. 5352 |
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January Session, 2011 |
LCO No. 2055 | ||||
Referred to Committee on Banks |
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Introduced by: |
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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.