Bulletin: NY000336

Date:
December 17, 2007
To:
All New York State Office Counsel, Managers and Agents
RE:
Columbia County Recordings

As noted in Bulletin 320 (August 23, 2007), Columbia County instituted a transfer tax of $1.00/$500 on transfers over $150,000.00.  The transfer tax form, which must be included with all deed recordings, can be found at http://www.columbiacountyny.com/.  For a copy of the form go here.

As of January 1, 2008, Columbia will no longer accept blank or "not to exceed" checks.  The checks must be submitted with the proper amount, or they will be returned. 

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:
NY000320 Columbia County Transfer Tax
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None