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 1097 of the Civil Code is amended to
2read:
begin deleteNo vendor end deletebegin insert(a)end insertbegin insert end insertbegin insertA vendor end insertor lessor of abegin delete single familyend delete
4begin insert single-familyend insert residential property shallbegin insert notend insert contract for or exact
5any fee in excess of ten dollars ($10) for the act of signing and
6delivering a document in connection with the transfer, cancellationbegin insert,end insert
7
or reconveyance of any title or instrument at the time the buyer or
P2 1lessee exercises an option to buy, or completes performance of the
2contract for the sale of, the property.
3The
end delete
4begin insert(b)end insertbegin insert end insert The provisions of this section shallbegin insert onlyend insert apply prospectively
5begin delete onlyend delete.
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