Fernando Villa, AIA, LEED AP BD+C, Magnusson Architecture and Planning, PC Insured by Benchmark Title Agency, LLC
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Pursuant to Article 14-F of the General Municipal Law, the Village of Port Chester has established and imposed a plan of sewer rents applicable to the Village of Port Chester’s sanitary sewer system. These charges apply to all properties using the Village of Port Chester’s Sewer system, even if the premises are not located within the Village. The charges may be billed by the Village or by United Water Westchester. The failure to pay said charges will result in a lien on the real property pursuant to General Municipal Law Section 452.
TSB-M-14(1)R, Tompkins County Imposes Additional Mortgage Recording Tax
The rate of mortgage recording tax imposed on the recording of mortgages on real property in Tompkins County is $1.00 for each $100 of principal debt secured by the mortgage.
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Download NYSALTA Winter 2013 Newsletter as PDF
To Our Valued Clients:
The Consumer Financial Protection Bureau (CFPB) has issued a new rule requiring new Mortgage Disclosure forms and their implementation.
Within 3 days of a loan application to a financial institution, consumers will receive a Loan Estimate. The Loan Estimate will provide an estimate of loan and closing costs. The Loan Estimate will replace the early Truth in Lending statement and Good Faith Estimate.
In addition, three days prior to closing, consumers will receive the Closing Disclosure Statement, which will provide a detailed accounting of the transaction. This form will replace the HUD-1 Settlement Statement and the final Truth in Lending statement.
Proof of Payment of Local Transfer Tax Required for Properties located in Mount Vernon, Peekskill and Yonkers
To Our Valued Clients:
The TP-584 form has been revised. Attached please find the revised forms and instructions (print date 4/13).
The forms will be available on the New York State Tax Departments website on April 11, 2013.
On Tuesday, September 4, 2012 the Village of Port Chester Trustees approved an amnesty program regarding Housing Code violations. The three month registration period for this program will be October 1, 2012 to December 31, 2012.
On May 31, 2011 , the New York State Insurance Department opined that a violation of Insurance Law §6409 (d) occurs when a residential real estate broker refer s its clients to attorneys on an "approved' or "recommended" list and the attorneys, in turn, refer those clients to the broker's affiliate title agent under common control. Pursuant to the opinion, such a quid pro quo is violation of Insurance Law Sec. 6409 (d).
In the interest of keeping our clients informed we are pleased to share this excerpt from the latest New York State Land Title Association ("NYSLTA") newsletter. Jean Partridge, our Chief Counsel, is a co-editor of the newsletter and serves on the Association’s executive committee.Read more