NY Section 255 Affidavit
SECTION 255 AFFIDAVIT
State of New York )
The Consolidation Agreement presented for recording herewith is given for the purpose of further securing the same principal indebtedness and said Consolidation Agreement does not create or secure any new or further indebtedness or obligation other than the principal indebtedness secured by said mortgages. There have been no re-loans or re-advances on said mortgages.
WHEREFORE deponent respectfully requests that the Consolidation Agreement tendered herewith for recording be declared exempt from taxation pursuant to the provisions of Section 255 of Article 11 of the Tax Law of the state of New York
No guidelines are available for this form at this time.