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GOVERNOR KAINE SIGNS BILL TO RETURN NVTA TAXES AND FEES |
An E-News Bulletin
Compliments of RGS Title, LLC – 03/27/2008
As anticipated, Gov. Kaine signed HB 1578 making it effective law. More information about this bill is available at www.hb3202.virginia.gov. A copy of his press release is available on the NVTA website (www.thenovaauthority.org), where inquiries regarding refunds are also directed.
The clerks now have 60 days to develop guidelines and to return the money "to the persons or entities that acted as settlement agents." The settlement agents receiving funds from the clerks of court are then required to refund the money "to the persons or entities entitled thereto" within 90 days from date of receipt from the clerk.
The information in these materials was prepared by the law firm of Shreves Schudel Devol Saunders Jackson Clarke and Parello, PLLC in its capacity as general counsel to RGS TITLE LLC. It is not intended nor should it be relied upon as legal advice, without consulting independent counsel for specific advice on your particular circumstances.