| |
| |
| |
|
|
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 |