(a) An assessment pursuant to this part is a fee imposed by a government on the transaction for purposes of paragraph (29) of subdivision (a) of § 1770 of the Civil Code.

(b) This section shall become operative on July 1, 2024.

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(Added by Stats. 2023, Ch. 400, Sec. 8. (SB 478) Effective January 1, 2024. Operative July 1, 2024, by its own provisions.)