1999 Regular Session

SENATE BILL 317

File Code: Financial Institutions
Sponsored By:
Senator Bromwell
Entitled:
Commercial Law - Mortgage Loan Settlement Fees for Photocopying and Electronic Facsimile Transmittal Services - Actual Costs

Synopsis:

Prohibiting a lender or credit grantor from imposing settlement fees on borrowers of first or second residential mortgage loans for photocopying and electronic facsimile transmittal services that are more than the actual cost incurred by the lender, credit grantor, settlement attorney, or title insurance company that performs the photocopying or electronic facsimile transmittal services.

History by Legislative Date

Senate Action
2/5
First Reading Finance
Hearing 2/23 at 1:00 p.m.
3/1
Unfavorable Report by Finance
House Action
No Action
Bill indexed under the following Subjects:
FACSIMILE TRANSMISSION
FEES -see also- DEVELOPMENT FEES AND TAXES
MORTGAGES
SETTLEMENT PROCEDURES
Bill affects the following Statutes:
Commercial Law
( 12-127 , 12-411.1 , 12-925 , 12-1029 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None offered