www.mozilla.com Weather Central
Voices
Headlines

Survey aims to help Sedgwick County voters judge the judges -7/21/2014, 10:26 AM

Kansas pilots volunteer time, planes to rescue dogs -7/21/2014, 10:24 AM

Two men fall from balcony near Pawnee, Broadway -7/21/2014, 10:23 AM

Water witcher, well digger stay busy -7/21/2014, 10:22 AM

Western Kansas family knows value of water -7/21/2014, 10:21 AM

Americans For Prosperity mailer part of smear campaign, says Kansas GOP legislator -7/19/2014, 6:13 PM

Prison time tossed by lack of speedy trial -7/19/2014, 6:11 PM

Third resentencing ordered in baby in dryer case -7/19/2014, 6:10 PM

Great Plains hosts foreign dealers -7/19/2014, 6:09 PM

Officials, potential customers welcome new grocery store -7/19/2014, 6:08 PM

Official: Drug suspected in triple fatality could have been even more dangerous than LSD -7/19/2014, 6:06 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