Full Text of SB1317 101st General Assembly
SB1317sam002 101ST GENERAL ASSEMBLY | Sen. Don Harmon Filed: 4/5/2019
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| 1 | | AMENDMENT TO SENATE BILL 1317
| 2 | | AMENDMENT NO. ______. Amend Senate Bill 1317, AS AMENDED, | 3 | | with reference to page and line numbers of Senate Amendment No. | 4 | | 1, on page 10, immediately below line 7, by inserting the | 5 | | following:
| 6 | | " (c) The Secretary or the Secretary's authorized | 7 | | representative shall have power and authority to compel an | 8 | | independent escrowee's compliance with the provisions of this | 9 | | Act pursuant to subsection (f) of Section 17 of this Act. "; and | 10 | | on page 20, line 17, by replacing " Title insurance rate. " with | 11 | | " Rate and service fee filings. "; and | 12 | | on page 20, line 18, after " Rate ", by inserting " and service | 13 | | fee "; and | 14 | | on page 20, line 25, after the period, by inserting " Every | 15 | | title insurance company and independent escrowee shall file |
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| 1 | | with the Secretary the specification of services and schedule | 2 | | of fees for each fee intended to be charged to the parties to a | 3 | | transaction pursuant to paragraph (5) of subsection (k) of this | 4 | | Section. "; and | 5 | | on page 21, line 13, by replacing " becomes effective " with " can | 6 | | become effective only by approval of the Secretary "; and | 7 | | on page 22, line 4, after " period ", by inserting " , and such | 8 | | rates can be effective only by approval of the Secretary "; and | 9 | | on page 36, by replacing lines 3 through 12 with the following: | 10 | | " (5) Subject to all other provisions of this Section | 11 | | regarding rate filing requirements, a filing shall also | 12 | | include a specification of services to be performed and | 13 | | schedule of fees for each fee intended to be charged to the | 14 | | parties to the transaction, which includes, but is not | 15 | | limited to, closing fees, escrow fees, settlement fees, | 16 | | closing protection letter fees subject to Section 16.1 of | 17 | | this Act, and like charges, and is applicable to services | 18 | | provided by an independent escrowee, which must similarly | 19 | | file a specification of services and schedule of fees with | 20 | | the Secretary. "; and | 21 | | on page 37, by replacing lines 12 through 15 with the | 22 | | following: |
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| 1 | | " (5.1) has accepted or referred a title order or | 2 | | performed title services with knowledge that the order was | 3 | | placed in exchange for the express or implicit promise that | 4 | | a consumer has been or will be referred to that provider | 5 | | for services; "; and | 6 | | on page 39, line 17, by replacing " furnished " with " material | 7 | | furnished "; and | 8 | | on page 40, line 3, by replacing " Section " with " Sections "; and | 9 | | on page 41, line 1, by replacing " furnished, " with " furnished "; | 10 | | and | 11 | | on page 41, line 11, by replacing " was " with " has "; and | 12 | | on page 42, line 3, by replacing " waive " with " waive, "; and | 13 | | on page 50, line 17, by replacing " a independent " with " an | 14 | | independent "; and | 15 | | on page 51, line 10, by replacing "take" with "takes".
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