Senate Committee Approves Repeal of Mortage Fee
(AP) - Despite opposition from county officials, a Kansas Senate committee recommended the repeal of a mortgage registration fee.
The bill would phase out the fee over five years. It was approved by the Senate Assessment and Taxation Committee earlier this week.
The fee is $2.60 for each $1,000 borrowed on a home mortgage, or $390 for a $150,000 mortgage.
The Lawrence Journal-World reports bankers and real estate agents say the fee hurts their business and consumers.
But county officials statewide said the fee brings in needed revenue, which would have to be replaced in some other way.
The bill would phase in over four years a $4-per-page increase for documents handled by county registers of deeds. But county officials say that won't raise enough money to replace the mortgage fee.
© Associated Press
MOST VIEWED STORIES
Three former Atchison Co employees arrested on felonies
One hospitalized, one jailed, after Atchison attack
Fentanyl find nets four in two Atchison cases
Services set for Effingham woman killed in crash
Barricaded fugitive arrested in Jackson County
Two file to challenge local legislator
Four injured in Richardson Co rollover crash
Support sought for fire ravaged family
Fatal Atchison apt fire investigation continues
USD 415 board select new member
U.S. 36 work in Doniphan Co to impact motorists
Results from SE Nebraska contested Primary Elections
Armed felon found, arrested, in Jackson Co
Date set for signals switch at Hiawatha intersection
State Board approves land transfer agreements
Flags to fly half staff Wednesday across KS
Ozawkie man facing multiple child sex charges
LATEST STORIES
Jefferson Co readies for Co Fair season
MO man injured in KS weather-related crash
Ozawkie man facing multiple child sex charges
4th candidate files for local KS House seat
Public health advisory issued for local lake
Four injured in Richardson Co rollover crash
Tuition increase by KU, others in state