3.0.0 6332 2023-01-11T13:21:30Z 2023-01-11T13:21:30Z House H HR 2010-09-29 111 hsba00 Financial Services Committee House Standing Referred to 2010-09-29T14:20:10Z 2010-09-29 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2010-09-29 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-09-29 Introduced in House IntroReferral 1000 9 Library of Congress G000550 Rep. Gingrey, Phil [R-GA-11] Phil Gingrey R GA 11 N R000575 Rep. Rogers, Mike D. [R-AL-3] Mike Rogers R AL 3 2010-11-29 False Housing and Community Development Contracts and agency Government information and archives Housing finance and home ownership User charges and fees Housing and Community Development 00 2010-09-29 Introduced in House 2011-01-03T17:55:34Z Homebuyer Enhanced Fee Disclosure Act of 2010 - Deems a transfer fee covenant recorded on or after the date of the enactment of this Act as void and unenforceable unless, at the time the document containing the covenant is submitted for recording, a notice described in this Act is contemporaneously submitted for recording in the office of the applicable county recorder. Requires such notice to include statements containing owner names, a legal description of the affected property, amounts constituting the transfer fee to be paid, the method and manner of payment, dollar-cost examples in the case of residential property, and the date or circumstances under which the covenant expires (if applicable).

Provides a presumption of validity of a transfer fee covenant that imposes a fee of not more than 1 percent of the gross sales price for the affected property, is effective for a term of not more than 99 years, and complies with the notice requirements of this Act.

Defines a "transfer fee covenant" as a covenant, restriction, or agreement filed with the office of the applicable county recorder that: (1) affects real property; and (2) obligates a future buyer or seller of the affected real property (other than a person who is a party to such a document) to pay a fee, charge, or payment imposed by the document and required to be paid in connection with or as a result of a transfer of title to the property.

]]> Homebuyer Enhanced Fee Disclosure Act of 2010 Display Title Homebuyer Enhanced Fee Disclosure Act of 2010 Official Title as Introduced To enhance disclosure of private transfer fees in real estate transactions. Introduced in House IH Short Titles as Introduced Homebuyer Enhanced Fee Disclosure Act of 2010 Introduced in House 2010-09-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr6332ih/xml/BILLS-111hr6332ih.xml 2010-09-29 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.