H.B. No. 3073
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, actual costs or a
reasonable estimate of costs incurred in connection with a closing
and settlement, including:
(1) a charge by a third party for an electronic filing
fee; or
(2) a fee of a third party for the provision of an ad
valorem tax report.
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.
______________________________ ______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 3073 was passed by the House on April
15, 2009, by the following vote: Yeas 147, Nays 0, 1 present, not
voting; and that the House concurred in Senate amendments to H.B.
No. 3073 on May 29, 2009, by the following vote: Yeas 144, Nays 0,
2 present, not voting.
______________________________
Chief Clerk of the House
I certify that H.B. No. 3073 was passed by the Senate, with
amendments, on May 27, 2009, by the following vote: Yeas 31, Nays
0.
______________________________
Secretary of the Senate
APPROVED: __________________
Date
__________________
Governor