Bill Text: CA AB2372 | 2013-2014 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Property taxation: change in ownership.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Engrossed - Dead) 2014-08-14 - In committee: Held under submission. [AB2372 Detail]

Download: California-2013-AB2372-Introduced.html

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BILL NUMBER: AB 2372	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Ammiano

                        FEBRUARY 21, 2014

   An act to amend Section 1097 of the Civil Code, relating to
property.



	LEGISLATIVE COUNSEL'S DIGEST


   AB 2372, as introduced, Ammiano. Property transfer.
   Existing law prohibits a vendor or lessor of a single-family
residential property from contracting for or exacting any fee in
excess of $10 for the act of signing and delivering a document in
connection with the transfer, cancellation, or reconveyance of any
title or instrument at the time the buyer or lessee exercises an
option to buy, or completes performance of the contract for the sale
of, the property.
   This bill would make technical, nonsubstantive changes to these
provisions.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 1097 of the Civil Code is amended to read:
   1097.   No vendor   (a)    
A vendor  or lessor of a  single family  
single-family  residential property shall  not 
contract for or exact any fee in excess of ten dollars ($10) for the
act of signing and delivering a document in connection with the
transfer, cancellation  ,  or reconveyance of any title or
instrument at the time the buyer or lessee exercises an option to
buy, or completes performance of the contract for the sale of, the
property. 
   The 
    (b)    The provisions of this section shall
 only  apply prospectively  only  .