Brownback ends counties’ home mortgage fees

Kansas Gov. Sam Brownback^[1] signed legislation that phases out fees Kansas lenders pay to register home mortgages, KSN reports^[2].

The move would eliminate $53 million that goes almost entirely to counties, though the bill raises other fees to partially offset the loss, the report says. The phase-out runs through 2019.

Ed Eilert^[3], chairman of the Johnson County Board of County Commissioners, told the Kansas City Business Journal earlier in the session that such a move would cost the county about $16 million to $17 million a year^[4].

References

1. ^{^} Sam Brownback (feeds.bizjournals.com)
2. ^{^} KSN reports (ksn.com)
3. ^{^} Ed Eilert (feeds.bizjournals.com)
4. ^{^} such a move would cost the county about $16 million to $17 million a year (www.bizjournals.com)