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HB 0739 - Property; prohibit fee for conveyance of real property except under limited circumstances
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Tracking Level: Evaluating
Sponsor: McKillip,Doug 115th
Last Action: 1/23/2012 - House Second Readers
State Code Titles: 44
House Committee: Judy
Assigned To:
Clint MuellerNext Bill

Staff Analysis of the Legislation

This bill prohibits fees found in restrictions or covenants running with the land related to subsequent sales or transfers of the property.  It would allow such fees when they are paid to certain property owners' associations or the Public Service Commission.  Certain conveyances are exempt from paying these fees, such as conveyance by gift, devise, nonjudicial or judicial foreclosure, deed in lieu of foreclosure, court order or operation of law.


Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text






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