New Albany County Return Postage Policy
Posted Date: 8/11/2009
Attached please find a recent memorandum from the Albany County Clerk notifying us that they will no longer pay the postage for returning recorded documents. In order to serve our customers better, therefore, SMPR has established a Record and Return Service. SMPR will process and return documents following recording with the Albany County Clerk. Under our program, all documents submitted for recording must include a record and return address on the front page. This address will be crossed out and replaced with a record and return to the SMPR return box located at the Albany County Clerk’s Office – Box 8. After the clerk has returned the original document to the SMPR box, we will mail the document to the original, crossed out record and return address.
To defray the costs of processing, postage, and supplies, SMPR will collect a $10.00 fee for all transactions closing on or after August 24, 2009.
As always, we appreciate your cooperation and continued business and if you have any questions or concerns regarding our Program, please feel free to contact the Albany Office of SMPR.
Click here to view the memorandum.
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Changes to RP-5217 Filing Fees.
Posted Date: 5/8/2009
As of June 1, 2009, the filing fee for the RP-5217 will be as follows:
1. Residential and Farm Properties (boxes A,B, and E) will increase from $75.00 to $125.00
2. All other properties will increase from $165.00 to $250.00
This new fee applies to all deeds submitted for recording on or after June 1, 2009 regardless of the closing date.
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Changes to Albany County Recording Fees
Posted Date: 2/25/2009
Effective March 16, 2009, Albany County has elected to increase recording fees as follows: $45 recording fee Plus $5 per page. The $45 fee includes the fee for the cover page. This new rate applies to all recorded documents.
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Changes to Montgomery County recording Fees
Posted Date: 2/1/2009
Effective February 1, 2009, Montgomery County has elected to increase recording fees as follows: $45 recording fee Plus $5 per page. The $45 fee includes the fee for the cover page. This new rate applies to all recorded documents.
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Changes to Dutchess County Recording Fees
Posted Date: 1/9/2009
Effective February 2, 2009, Dutchess County has elected to increase recording fees as follows: $45 recording fee Plus $5 per page. The $45 fee includes the fee for the cover page. This new rate applies to all recorded documents.
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Please be advised that various counties outside New York City have increase their recording fees.
Posted Date: 10/2/2008
We have been advised that various counties outside NYC are increasing their recording fees pursuant to Chapter 288 of the laws of 2008 which amended CPLR Section 8021 Paragraph 4(a).
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Changes to Mortgage Recording Tax Rates Affecting Warren County
Posted Date: 8/30/2008
Effective October 1, 2008 Warren County has elected to impose a county mortgage recording tax of $.25 for each$100 secured by the mortgage.
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New median sales price for Dutchess County Property
Posted Date: 7/16/2008
The median sales price used to calculate the additional transfer tax due for property conveyed in the Town of Red Hook, Dutchess County, has decreased from $330,000 to $324,700 effective July 1, 2008.
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New procedure for closings in Saratoga County
Posted Date: 4/29/2008
Attached please find a recent memorandum from the Saratoga County Clerk notifying us that they will no longer endorse back to title and abstracting companies any checks written to the county in an incorrect amount. In order to serve our customers better, therefore, we are changing how we collect those recording fees for Saratoga County properties.
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Proposed filing fee increase for RP5217 and RP5217NYC CANCELLED!
Posted Date: 4/14/2008
The 2008 NYS Budget Bill WILL NOT contain a proposed amendment to increase the filing fees for the RP-5217 or the RP-5217NYC.
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Effective November 1, 2007; Mortgage Recording Tax increase for Dutchess County
Posted Date: 10/18/2007
Please be advised that effective November 1, 2007 the mortgage tax rate in Dutchess County will increase from the current rate of $1.05 to the new rate of $1.30 for each one hundred dollars of principal indebtedness or obligation and each remaining major fraction thereof secured.
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Columbia County local transfer tax goes into effect for deeds recorded on or after December 1, 2007.
Posted Date: 9/28/2007
Article 3 1 -A-2 Section 1439 of the Tax Law -
Tax on Real Estate Transfers in the County of Columbia for
Transfers of Interest in Real Property occurring on or after
December 1,2007.
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New Foreclosure Notice Requirements Effective August 1, 2007
Posted Date: 8/1/2007
On August 1, 2007, Governor Spitzer signed Chapter 458 of the laws of 2007. The chapter creates new section 1320 under the New York Real Property Action and Procedures Law and amends section 3215(g)(3)(iii) of the New York Civil Practice Law and Rules. These statutes were effective immediately...
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Effective November 1, 2006; Mortgage recording tax increase for Essex and Schoharie Counties
Posted Date: 10/23/2006
Effective November 1, 2006, Essex County has elected to impose a county mortgage recording tax of $.25 for each $100.00 secured by the mortgage. The county mortgage recording tax will apply to mortgages recorded on or after November 1, 2006...
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“UNCLAIMED” IS NOT THE SAME AS “UNDELIVERABLE”
Posted Date: 12/6/2005
N.Y. COURT OF APPEALS HOLDS THAT EVEN THOUGH CERTIFIED MAIL TO OWNER’S RECORD ADDRESS WAS RETURNED AS “UNCLAIMED”, IF THE ORDINARY MAIL WAS NOT RETURNED, THEN FORECLOSURE CANNOT BE CONTESTED
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WARNING! EFFECTIVE NOVEMBER 7, 2005, MORTGAGEE WILL NOW HAVE 30 DAYS TO PRESENT A CERTIFICATE OF DISCHARGE FOR RECORDING OR FACE A FINE.
Posted Date: 11/9/2005
Governor Pataki recently signed into law an amended Subdivision 1, Section 275 of the Real Property Law, as amended by Chapter 748 of the laws of 1990 to provide for a fine against a mortgagee by the mortgagor after a mortgage upon real property was due a
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CREDIT FOR SPECIAL ADDITIONAL MORTGAGE RECORDING TAX AVAIABLE FOR PERSONAL INCOME TAXPAYERS
Posted Date: 11/8/2005
For the 2004 tax year, persons, partners in a partnership (including a LLC that is treated like a partnership for federal income tax purposes), estates, trusts, and beneficiaries of estates and trusts who paid the special additional mortgage recording tax
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Mortgage Recording Tax Increase for Albany and Schenectady County
Posted Date: 9/16/2005
Please be advised that effective November 1, 2005 the full mortgage tax to be collected by both the Albany and Schenectady County Clerk will increase to 1 ¼%.
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