Bulletin: NY000330

Date:
October 31, 2007
To:
All New York State Office Counsel, Managers and Agents
RE:
Cortland, Dutchess and Genesee County Mortgage Tax

Effective November 1, 2007, Cortland County is charging a county mortgage tax of $.25/$100. This is in addition to the already existing mortgage tax.

The total mortgage tax will be $1 /$100.

Effective November 1, 2007, Dutchess County is charging a county mortgage tax of $.25/$100. This is in addition to the already existing mortgage tax.

The total mortgage tax will be $1.30/$100.

The mortgage tax in Genesee County remains at $1.25/$100.

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:
NY000235 Mortgage Tax Increases
 
NY000328 Recording Tax, Dutchess County
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None