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Committee hears testimony supporting removal of deed assignment exemption from recording fee to boost housing funds
Summary
The Senate Ways & Means Committee heard testimony March 24 on House Bill 18-58, which would remove an exemption for assignments or substitutions of previously recorded deeds of trust from two recording fees that fund homelessness and affordable housing programs.
The Senate Ways & Means Committee heard public testimony on March 24 for House Bill 18-58, a bill that would remove the current exemption for assignments or substitutions of previously recorded deeds of trust from the $183 housing and homelessness document recording surcharge and the $100 covenant homeownership program assessment.
Trevor Press, staff to the committee, briefed members that removing the exemption is estimated to generate about $31…
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