Bill Text: CT HB05813 | 2011 | General Assembly | Introduced

Connecticut House Bill 5813 (Prior Session Legislation)

Introduced

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

Sponsorship: Partisan Bill (Democrat 2)

Status: (Introduced - Dead) 2011-02-04 - Public Hearing 02/10 [HB05813 Detail]

Download: Connecticut-2011-HB05813-Introduced.html


General Assembly		*Proposed Bill No. 5813*
*January Session, 2011*		LCO No. 2375

Referred to Committee on Banks
Introduced by:
REP. ROVERO, 51^st Dist.

AN ACT PROHIBITING THE ASSESSMENT OF TITLE INSURANCE FEES UPON 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 require that a title insurance fee assessed upon the refinancing of a loan secured by real property be reduced proportionately by an amount that reflects the time during which such real property was secured by the original mortgage loan.

Statement of Purpose:

To reduce additional title insurance costs incurred by homeowners by reducing the title insurance fee assessed at refinancing by giving the mortgagor a credit for the time during which the real property was secured by the original mortgage loan.