www.mozilla.com Weather Central
Voices
Headlines

Wichita students among thousands testing state's testing servers -10/28/2014, 4:56 PM

Wichita airfares averaged $415 in second quarter, report says -10/28/2014, 4:56 PM

Man who died in Sedgwick County house fire has been identified -10/28/2014, 4:56 PM

Complaint filed with state, local officials over sales tax campaign -10/28/2014, 4:56 PM

Woman nearly hit by bullet -10/27/2014, 3:54 PM

Traffic stop leads to drug bust -10/27/2014, 4:55 PM

Police investigating series of garage burglaries -10/27/2014, 4:55 PM

Emprise Bank to expand to McPherson -10/27/2014, 4:55 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