Bill Text: NY A07083 | 2013-2014 | General Assembly | Introduced

New York Assembly Bill 7083 (Prior Session Legislation)

Introduced

Bill Title: Provides that fees collected by a title company for payment to the secretary of state shall be non-refundable whether or not the documents for which such fee is collected are accepted for filing; provides that such fee shall be retained by the title company as a fee for services rendered.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-01-08 - referred to governmental operations [A07083 Detail]

Download: New_York-2013-A07083-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         7083
                              2013-2014 Regular Sessions
                                 I N  A S S E M B L Y
                                      May 1, 2013
                                      ___________
       Introduced by M. of A. THIELE -- read once and referred to the Committee
         on Governmental Operations
       AN  ACT  to  amend  the  executive law, in relation to fees collected by
         title companies and their agents
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Section  96-a of the executive law is amended by adding a
    2  new subdivision 4 to read as follows:
    3    4. ANY FEE COLLECTED BY A TITLE COMPANY OR ITS AGENT ON  BEHALF  OF  A
    4  PARTY  FOR  PAYMENT TO THE SECRETARY OF STATE OR OTHER OFFICE SHALL BE A
    5  NON-REFUNDABLE FEE WHETHER OR NOT THE DOCUMENTS FOR WHICH  SUCH  FEE  IS
    6  COLLECTED  ARE ACCEPTED FOR FILING BY SUCH SECRETARY OR OFFICE. SUCH FEE
    7  SHALL BE RETAINED BY SUCH TITLE COMPANY OR AGENT AS A FEE  FOR  SERVICES
    8  RENDERED.  SUCH  FEE SHALL NOT BE APPLIED TO THE PAYMENT OF FEES FOR THE
    9  FILING OF ANY DOCUMENTS AT A SUBSEQUENT TIME.
   10    S 2. This act shall take effect on the sixtieth  day  after  it  shall
   11  have become a law.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10074-01-3