Assembly Bill A6945

2011-2012 Legislative Session

Provides that fees collected by a title company for payment to the secretary of state shall be non-refundable whether or not documents are accepted for filing

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Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2011-A6945 (ACTIVE) - Details

Current Committee:
Assembly Governmental Operations
Law Section:
Executive Law
Laws Affected:
Amd ยง96-a, Exec L
Versions Introduced in Other Legislative Sessions:
2009-2010: A911
2013-2014: A7083

2011-A6945 (ACTIVE) - Summary

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.

2011-A6945 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6945

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                              April 6, 2011
                               ___________

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:

  Section  1.  Section  96-a of the executive law is amended by adding a
new subdivision 4 to read as follows:
  4. ANY FEE COLLECTED BY A TITLE COMPANY OR ITS AGENT ON  BEHALF  OF  A
PARTY  FOR  PAYMENT TO THE SECRETARY OF STATE OR OTHER OFFICE SHALL BE A
NON-REFUNDABLE FEE WHETHER OR NOT THE DOCUMENTS FOR WHICH  SUCH  FEE  IS
COLLECTED  ARE ACCEPTED FOR FILING BY SUCH SECRETARY OR OFFICE. SUCH FEE
SHALL BE RETAINED BY SUCH TITLE COMPANY OR AGENT AS A FEE  FOR  SERVICES
RENDERED.  SUCH  FEE SHALL NOT BE APPLIED TO THE PAYMENT OF FEES FOR THE
FILING OF ANY DOCUMENTS AT A SUBSEQUENT TIME.
  S 2. This act shall take effect on the sixtieth  day  after  it  shall
have become a law.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10663-01-1

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