www.mozilla.com Weather Central
Voices
Headlines

Flamingo up in flames -10/18/2014, 6:58 PM

TV psychic coming to Salina -10/18/2014, 5:55 PM

Libertarian shares different philosophy -10/18/2014, 5:55 PM

Hoteliers placing big bets on Garden City -10/18/2014, 5:55 PM

Former city IT director charged with sex crimes against children -10/18/2014, 5:55 PM

Federal, state officials celebrate Hugoton ethanol plant -10/18/2014, 5:55 PM

Area optometrists attend eyecare conference -10/18/2014, 5:55 PM

myTown Calendar

SPOTLIGHT
[var top_story_head]

Kan. professional groups seek mortgage fee repeal

Published on -11/5/2013, 11:09 AM

Printer-friendly version
E-Mail This Story

HUTCHINSON, Kan. (AP) -- Kansas lawmakers will be asked during the upcoming session to repeal a fee on mortgage loans that bankers and real estate agents call an unfair tax that duplicates other charges in the loan process.

The Hutchinson News (http://bit.ly/17K7Kvf ) reports counties receive about $47 million annually from the mortgage registration fee, charged to borrowers who purchase real estate.

The Kansas Bankers Association and Kansas Association of Realtors say counties already collect a document recording fee, so the mortgage charge is unnecessary.

Opponents of the mortgage registration fee say it's an obstacle in the Kansas City metro area because Missouri doesn't impose such a fee, which would be about $315 on a $121,000 loan.

Legislation to repeal the charge is expected to be introduced in the 2014 legislative session.

------

Information from: The Hutchinson (Kan.) News, http://www.hutchnews.com

digg delicious facebook stumbleupon google Newsvine
More News and Photos

Associated Press Videos

AP Breaking News
AP Nation-World News

View this site in another language.