Old | New | Differences | |
---|---|---|---|
1 | 1 | General Assembly Proposed Bill No. 5813 | |
2 | 2 | January Session, 2011 LCO No. 2375 | |
3 | 3 | Referred to Committee on Banks | |
4 | 4 | Introduced by: | |
5 | 5 | REP. ROVERO, 51st Dist. | |
6 | 6 | ||
7 | 7 | General Assembly | |
8 | 8 | ||
9 | 9 | Proposed Bill No. 5813 | |
10 | 10 | ||
11 | 11 | January Session, 2011 | |
12 | 12 | ||
13 | 13 | LCO No. 2375 | |
14 | 14 | ||
15 | 15 | Referred to Committee on Banks | |
16 | 16 | ||
17 | 17 | Introduced by: | |
18 | 18 | ||
19 | 19 | REP. ROVERO, 51st Dist. | |
20 | 20 | ||
21 | 21 | AN ACT PROHIBITING THE ASSESSMENT OF TITLE INSURANCE FEES UPON REFINANCING A MORTGAGE LOAN. | |
22 | 22 | ||
23 | 23 | Be it enacted by the Senate and House of Representatives in General Assembly convened: | |
24 | 24 | ||
25 | 25 | 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. | |
26 | 26 | ||
27 | 27 | Statement of Purpose: | |
28 | 28 | ||
29 | 29 | 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. |