H.R. 6332 · 111th Congress
Homebuyer Enhanced Fee Disclosure Act of 2010
Key: what the circles and colors mean
Each circle is a bill. The ring fills as it moves through Congress:
Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.
Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.
Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
GingreySponsor1 cosponsor · 1 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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…
What it does: CRS summary · Introduced in House · Sep 29, 2010
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Homebuyer Enhanced Fee Disclosure Act of 2010
Latest action (Sep 29, 2010): Referred to the House Committee on Financial Services.
Policy area: Housing and Community Development · Origin: House · Introduced: Sep 29, 2010
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.