Connecticut 2011 Regular Session

Connecticut House Bill HB05813 Compare Versions

Only one version of the bill is available at this time.
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11 General Assembly Proposed Bill No. 5813
22 January Session, 2011 LCO No. 2375
33 Referred to Committee on Banks
44 Introduced by:
55 REP. ROVERO, 51st Dist.
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77 General Assembly
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99 Proposed Bill No. 5813
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1111 January Session, 2011
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1313 LCO No. 2375
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1515 Referred to Committee on Banks
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1717 Introduced by:
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1919 REP. ROVERO, 51st Dist.
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2121 AN ACT PROHIBITING THE ASSESSMENT OF TITLE INSURANCE FEES UPON REFINANCING A MORTGAGE LOAN.
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2323 Be it enacted by the Senate and House of Representatives in General Assembly convened:
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2525 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.
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2727 Statement of Purpose:
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2929 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.