Text: H01272 Text: H01274 Text: H01200 - H01299 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 745 as follows: 1 2 #1. Page 17, by inserting after line 7 the 1 3 following: 1 4 "Sec. . Section 16.5, subsection 15, Code 1999, 1 5 is amended to read as follows: 1 6 15. Through the title guaranty division, make and 1 7 issue title guaranties on Iowa real property in a form 1 8 acceptable to the secondary market, to fix and collect 1 9 the charges for the guaranties and to procure 1 10 reinsurance against any loss in connection with the 1 11 guaranties. Fees or rates charged for the guaranties 1 12 and to procure such reinsurance shall be established 1 13 by rules adopted pursuant to chapter 17A. 1 14 Sec. . The title guaranty division in the Iowa 1 15 finance authority shall reduce the rates charged for 1 16 an owner's guaranty, a lender's guaranty, and the 1 17 various endorsements that will be offered by the 1 18 division. The reduction in rates shall be by an 1 19 amount of no less than fifty percent based upon the 1 20 rates published by the division, made available to 1 21 mortgage lenders, and in effect on March 22, 1999. 1 22 The reduction in rates shall be implemented by the 1 23 division on July 1, 1999. 1 24 Upon reducing the rates pursuant to this section, 1 25 the authority, as soon as practicable, shall adopt 1 26 rules to establish the fees or rates charged for the 1 27 guaranties, as required under section 16.5, subsection 1 28 15." 1 29 #2. By renumbering as necessary. 1 30 1 31 1 32 1 33 METCALF of Polk 1 34 HF 745.505 78 1 35 mj/jw
Text: H01272 Text: H01274 Text: H01200 - H01299 Text: H Index Bills and Amendments: General Index Bill History: General Index
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