81R20944 DAK-F
By: Geren H.B. No. 3073
A BILL TO BE ENTITLED
AN ACT
relating to charges at closing of certain real property
transactions.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Chapter 2501, Insurance Code, is amended by
adding Section 2501.008 to read as follows:
Sec. 2501.008. THIRD-PARTY CHARGES. A title insurance
company, title insurance agent, or direct operation may charge,
separate from the title insurance premium, any actual costs
incurred in connection with a closing and settlement, including:
(1) a charge by a third party, such as a governmental
entity, for an electronic filing fee; or
(2) a fee of a third party for a service rendered or
performed.
SECTION 2. This Act applies only to a real property
transaction that closes on or after the effective date of this Act.
A real property transaction that closes before the effective date
of this Act is governed by the law as it existed immediately before
the effective date of this Act, and that law is continued in effect
for that purpose.
SECTION 3. This Act takes effect January 1, 2010.