New York State Assembly

Bill No.:  

 
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A07083 Summary:

BILL NO	A07083
SAME AS	No same as
SPONSOR	Thiele
COSPNSR
MLTSPNSR
Amd S96-a, Exec L
Provides that fees collected by a title company for payment to the secretary of state shall be non-refundable whether or not the documents for which such fee is collected are accepted for filing; provides that such fee shall be retained by the title company as a fee for services rendered.

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A07083 Actions:

BILL NO	A07083
05/01/2013	referred to governmental operations
01/08/2014	referred to governmental operations

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A07083 Floor Votes:

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A07083 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7083
 
                               2013-2014 Regular Sessions
 
                   IN ASSEMBLY
 
                                       May 1, 2013
                                       ___________
 
        Introduced by M. of A. THIELE -- read once and referred to the Committee
          on Governmental Operations
 
        AN  ACT  to  amend  the  executive law, in relation to fees collected by
          title companies and their agents
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 

     1    Section  1.  Section  96-a of the executive law is amended by adding a
     2  new subdivision 4 to read as follows:
     3    4. Any fee collected by a title company or its agent on  behalf  of  a
     4  party  for  payment to the secretary of state or other office shall be a
     5  non-refundable fee whether or not the documents for which  such  fee  is
     6  collected  are accepted for filing by such secretary or office. Such fee
     7  shall be retained by such title company or agent as a fee  for  services
     8  rendered.  Such  fee shall not be applied to the payment of fees for the
     9  filing of any documents at a subsequent time.
    10    § 2. This act shall take effect on the sixtieth  day  after  it  shall
    11  have become a law.
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets

                              [ ] is old law to be omitted.
                                                                   LBD10074-01-3

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