For Immediate Release: Contact: Rachel Wolf
April 26, 2011 (202) 331-2120
North Dakota Becomes 27th State to Restrict Dangerous Wall Street Home Resale Fees
Broad, Bipartisan Coalition Thanks Governor Dalrymple, Senator Grindberg and the Legislature for Standing Up for Homeowners by Banning Fees
BISMARCK, North Dakota – Governor Dalrymple took swift action to protect North Dakota homeowners by signing SB 2149 to restrict Wall Street Home Resale Fees (also known as “private transfer fees”). The new law, sponsored by Senator Grindberg (R-Fargo), places a ban on these fees, a dangerous new financial scheme that steals home equity, lowers home resale values and adds another layer of difficulty to selling a home.