Bulletin: NY000192

Date:
June 19, 2002
To:
All New York State Office Counsel, Managers and Agents
RE:
Increase in Recording Fees

Dear Associates:

As part of the recently completed budget process, Sections 8018 and 8021 of the CPLR have been amended. As a result, recording fees will increase in all 62 counties of New York State. Beginning on July 1, 2002, any instrument offered for recording with any County Clerk/Register is subject to an additional fifteen dollars ($15.00) charge earmarked for the newly created Cultural Education Account. Requests for index numbers are also subject to this additional charge.

Please notify your customers as well as all appropriate office personnel. If you have any questions or would like a copy of the statute, please call Company Counsel. Thank you.

THIS BULLETIN IS FURNISHED TO INFORM YOU OF CURRENT DEVELOPMENTS. AS A REMINDER, YOU ARE CHARGED WITH KNOWLEDGE OF THE CONTENT ON VIRTUAL UNDERWRITER  AS IT EXISTS FROM TIME TO TIME AS IT APPLIES TO YOU, AS WELL AS ANY OTHER INSTRUCTIONS. OUR UNDERWRITING AGREEMENTS DO NOT AUTHORIZE OUR ISSUING AGENTS TO ENGAGE IN SETTLEMENTS OR CLOSINGS ON BEHALF OF STEWART TITLE GUARANTY COMPANY. THIS BULLETIN IS NOT INTENDED TO DIRECT YOUR ESCROW OR SETTLEMENT PRACTICES OR TO CHANGE PROVISIONS OF APPLICABLE UNDERWRITING AGREEMENTS. CONFIDENTIAL, PROPRIETARY, OR NONPUBLIC PERSONAL INFORMATION SHOULD NEVER BE SHARED OR DISSEMINATED EXCEPT AS ALLOWED BY LAW. IF APPLICABLE STATE LAW OR REGULATION IMPOSES ADDITIONAL REQUIREMENTS, YOU SHOULD CONTINUE TO COMPLY WITH THOSE REQUIREMENTS.

References

Bulletins Replaced:
None
Related Bulletins:
None
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None