Bulletin: NY000315

Date:
July 26, 2007
To:
All New York State Office Counsel, Managers and Agents
RE:
Sullivan County and Columbia County Mortgage Tax

The additional $.25$100 mortgage tax inSullivan County has been extended until May 23, 2010 (for a mortgage recorded prior to that date).  The tax remains $1.00/$100.

Below is the link to the NYS Taxation and Finance Memo:

http://www.tax.state.ny.us/pdf/memos/mortgage/m07_2r.pdf

The additional $.50$100 mortgage tax in Columbia County has been extended until December 31, 2009 (for a mortgage recorded prior to that date).  The tax remains $1.25/$100.

Below is the link to the NYS Taxation and Finance Memo:

http://www.tax.state.ny.us/pdf/memos/mortgage/m07_1r.pdf

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