The fee to cancel a mortgage would rise to $50 from $10 now under a bill that won approval Monday in the Louisiana House.
The measure, House Bill 549, includes a series of filing fee increases that backers said are needed because of changes in federal law.
State Rep. Katrina Jackson, D-Monroe, sponsor of the bill, said it is backed by the Clerk of Courts Association, Louisiana Bankers Association and others.
But Rep. Robby Carter, D-Amite, objected to a part of the bill that allows for a boost in the mortgage cancellation fee.
Carter said the higher fee would dampen what is otherwise a day of celebration.
“Is this necesssary?” he asked.
Jackson said the increase is not unreasonable and that consumers will pay the higher fee knowing they are eliminating their monthly house note.
“So generally you have a little extra money,” she said.
The bill passed the House 74-21 and next faces action in the Senate.
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