Bulletin: NY000626

Date:
July 01, 2019
To:
All New York State Agents
RE:
Stewart Title Insurance Rate Calculator

The New York Rate Calculator, which also calculates NY Transfer and Mansion Taxes, has been updated to reflect the changes in the New York State Budget Bill.  The new Transfer and Mansion tax rates, which will take effective on July 1, 2019, will be reflected on any calculation beginning July 1, 2019.  Please contact underwriting counsel at (212) 922-0050 in the event you have any questions. 

Click here to view Technical Memorandum TSB-M-19(1)R, released by the New York State Department of Taxation and Finance, summarizing the amendments to New York State’s Real Estate Transfer Tax.

New Forms:
TP-584-NYC (Instructions for TP-584-NYC)
TP-584.6-NYC

Attachments:
TSB-M-19(1)R

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