Bulletin: CT2017006

Date:
November 22, 2017
To:
All Connecticut Issuing Offices
RE:
UNDERWRITING - CT Municipal Recording Fee Increase

Dear Associates:

CT MUNICIPAL RECORDING FEE INCREASE

EFFECTIVE DECEMBER 1, 2017

Recently-enacted Senate Bill 1502 contains an increase in CT municipal recording charges affecting various land records filings. The CT Town Clerk's Association has issued a memo detailing a new recording fee structure effective December 1, 2017, as follows:

Deeds (Consideration > $2,000.00)
$62.00 for the first page + $5.00 for each additional page

Other Docs (Incl. Deeds w/Consideration ≤ $2,000.00)
$60.00 for the first page + $5.00 for each additional page

MERS Mortgages
$159.00 for the first page + $5.00 for each additional page

Assignments/Releases by MERS
$159.00 for the entire document

Foreclosed Property Registrations
$60.00 for the entire document

All Stewart agents are advised to take account of the increase for documents to be recorded on or after December 1, 2017. Should the foregoing be revised by further legislative action or guidance from the Town Clerk’s Association, we will notify you immediately.

As always, please feel free to contact us with any questions.  

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