Bulletin: MD2011004

Date:
June 24, 2011
To:
All Maryland Issuing Offices
RE:
New State Surcharge Recording Fees

Dear Associates:

This Bulletin serves as a reminder that starting July 1, 2011, all County Land Record offices in the State of Maryland will be collecting an additional $20.00 surcharge recording fee for deeds and other similar instruments that are EXECUTED on or after July 1, 2011.

RECORDING SURCHARGE:
Notice: By action of the Maryland General Assembly (House Bill 72), effective July 1, 2011, the Recording Surcharge on instruments recorded in land records and financing statement records will increase from $20.00 to $40.00 per instrument, for all instruments executed on or after July 1, 2011.

The surcharge of $40.00 is charged for every instrument recorded in the land records and financing statement records, other than:

Powers of Attorney;
Requests for Notice of (Foreclosure) Sale;
Plats;
Homeowners' Association Disclosures.

If you have any questions relating to this or other bulletins, please contact a Stewart Title Guaranty Company underwriter.

For on-line viewing of this and other bulletins, please log onto www.vuwriter.com.

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