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Posted By Elizabeth Alonso - Chair Land Records Committee,
Thursday, August 1, 2024
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From the Office of the Richmond County Clerk
Stephen J. FialaCounty Clerk and Commissioner of JurorsUPDATED: August 1, 2024
This Office has been made aware that the New York City Department of Finance is not requiring the filing of transfer documents when a Transfer on Death “Deed” [Real Property Law § § 424] (hereinafter “TODD”) is presented to the City Register for recording.
Guided by the policy of the New York City Department of Finance, this Office—as County Register for Richmond County—likewise will not require transfer documents for the recording of TODD.
Whereas Real Property Law § § 424 appears to not create a present conveyance of an interest in real property, the TODD should be submitted as document type “other” when preparing a Richmond County Endorsement Page. Doing so will require the payment of statutorily mandated recording fees only .
Lastly, as it has been the long-standing policy and practice of the Office of the Richmond County Clerk that we will not substitute our legal judgement for the legal judgment of attorneys representing the parties to a transaction, persons intending to record the instrument as a “deed” should select document type “deed” when preparing a Richmond County Endorsement Page. However, doing so will require the submission of all transfer documents typically associated with a deed (along with the filing fees and taxes—if any-- for those associated documents) and statutorily mandated recording fees.
Tags:
Richmond
TODD
Transfer on Death Deed
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Posted By Robert Treuber,
Friday, July 26, 2024
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The following bills have been reviewed by the Legislative Committee, as relevant to the title industry but not urgent. These bill have been signed by Governor Hochul.
| Chapter | Bill No. | | | 82 | A8538 | Sillitti --
Relates to a property tax exemption for the Maritime Administration, a
component of the United States Department of Transportation
Same as S 8095
SUMM : Amd
§1, Chap of 2023 (as proposed in S.6309-A & A.6557-A) Authorizes
the county of Nassau assessor to grant a property tax exemption for the
Maritime Administration, a component of the United States Department of
Transportation, without an application, if the assessor determines that
the property is exempt from taxation due to being owned by the federal
government.
Eff. Date 12/08/2023 (See Table)
Last Act: 02/13/24 signed chap.82
| | 129 | A9166B | Lavine --
Extends the time for New York city marshals to exercise the same
functions, powers and duties as sheriffs with respect to the execution
of money judgments
Same as S 9377-A
SUMM : Amd §3,
Chap 455 of 1997; add §749-a, RPAP L Extends certain provisions relating
to authorizing New York city marshals to exercise the same functions,
powers and duties as sheriffs with respect to the execution of money
judgments of the supreme and family courts of the city of New York;
requires New York city marshals to post and electronically file notices
of eviction.
Eff. Date 06/28/2024 (See Table)
Last Act: 06/28/24 signed chap.129
| | 130 | A9455 | Zebrowski -- Extends limitations on the shift between classes of taxable property in the town of Clarkstown, county of Rockland
Same as S 8909
SUMM : Amd
§1903, RPT L Extends limitations on the shift between classes of
taxable property in the town of Clarkstown, county of Rockland for an
additional year.
Eff. Date 06/28/2024
Last Act: 06/28/24 signed chap.130
| | 64 | S8014 | MAY --
Making a technical change to a provision requiring a petition in a
summary proceeding to recover possession of real property in the city of
Syracuse to allege proof of compliance with local laws
Same as A 8603
SUMM : Amd
§741, RPAP L (as proposed in S.3497 & A.3110) Makes a technical
change to a provision requiring a petition in a summary proceeding to
recover possession of real property in the city of Syracuse to allege
proof of compliance with local laws requiring the registration or
licensure of residential rental dwellings.
Eff. Date 01/23/2024 (See Table)
Last Act: 02/07/24 SIGNED CHAP.64
| | 209 | S8903 | MARTINEZ -- Relates to real property tax exemptions for persons with disabilities
Same as A 9948
SUMM : Amd
§459-c, RPT L Adds a person with a disability who has their primary
residence in a special needs trust, or a property owner who has a tenant
with a disability whose lease provides them with a life interest in the
property as long as the tenant remains in residence as eligible for a
real property tax exemption pursuant to section 459-c of the real
property tax law.
Eff. Date 07/25/2024
Last Act: 07/25/24 SIGNED CHAP.209
| | 210 | S9278 | GOUNARDES -- Relates to the determination of adjusted base proportions in special assessing units which are cities
Same as A10296
SUMM : Amd §1803-a, RPT L Relates to the determination of adjusted base proportions in special assessing units which are cities.
Eff. Date 07/25/2024
Last Act: 07/25/24 SIGNED CHAP.210
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| Run Date: 07/26/24 11:41 AM |
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Chaptered bills
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Posted By David Carroll,
Wednesday, July 24, 2024
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The Department of Finance has provided a new mailing address for submitting real estate tax payments.
Department of Finance
P.O. Box 5536
Binghamton, NY 13902
Private Carriers (e.g. UPS FED EX, etc.)
That require a physical address can send to:
JPMORGAN CHASE ATTN: NYC PROPERTY LOCKBOX #5536
33 Lewis Rd.
Binghamton, NY 13905
Tags:
Dept of Finance
NYC DOF
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Posted By Nick Coffaro,
Tuesday, July 23, 2024
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Priority Data Research was just informed the following:
I spoke to the tax office and they advised that these charges (if any) will appear on the tax certificates that we submit for.
Overdue Miscellaneous Charges
Please be advised, a local law was
recently passed effective as of 2024 allowing delinquent overgrown
vegetation, snow removal, garbage can, bulk pick-up, dead tree removal,
and building demolition charges to be re-levied onto
the City property tax bills. Therefore, please be advised any
outstanding Miscellaneous charges must be paid no later than October 31,
2024, to avoid the re-levy onto your 2025 taxes.
If you have any questions, please Contact the Finance Office at 845-346-4150.
Tags:
Municipal Liaison
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Posted By Regina Capone,
Wednesday, July 17, 2024
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NYSLTA just received the following notice from the City of New Rochelle; "To all Title companies, This email serves to inform you all that staring July 22, 2024 our office will be temporarily relocated to the Fire Department EOC due asbestos abatement and construction. My phone number and email address will remain the same and fully operational, However, please be advise that I will have limited access to all records needed to complete searches during this period, I will process all requests as quickly as possible. Please be patient and I sincerely apologize for the inconvenience this may cause." Regards, Kelly Pantelis Secretary to the Commissioner City of New Rochelle Department of Buildings 515 North Avenue New Rochelle, NY 10801 P: 914-654-2030 F: 914-654-2031 kpanteli@newrochelleny.com 
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Posted By Kathy Roper - Charitable Works Committee,
Monday, July 8, 2024
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NYSLTA is partnering with Friends of Karen to collect school supplies throughout NY State to benefit children who are battling critical illnesses, as well as their siblings. Collect supplies in your office and contact the Charitable Works
Committee at charitableworks@nyslta.org to let us know you are
participating. TWO WAYS TO HELP
#1 - We will schedule pick-up for the week of July 22nd. #2 Shop at your favorite online retailer and ship direct to:
The Charitable Works Committee
c/o DataTrace
3000 Marcus Avenue,
Suite 2W02,
Lake Success, NY 11042. Please have items arrive by July 26th.
For any questions, please contact charitableworks@nyslta.org.
CLICK THE FILE LINK BELOW FOR A LIST OF ITEMS THE KIDS NEED
Attached Files:
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Posted By Robert Treuber,
Monday, June 10, 2024
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These bills were passed by both Houses of the State Legislature. Governor Hochul's Office must call for the bills to be sent to the Executive Chamber. Her options are to sign the bill, which is then "chaptered", she may veto the bill or she may negotiate with the Legislature to amend the bill. Some of these bill authorize a local government to levy a tax or grant an exemption. The NYSLTA Legislative Committee reviews and tracks hundreds of bills every session, in consultation with our professional lobbyists.
The below tracked bills have passed both houses: | A1489A | Thiele CO: Williams, McMahon, Burke, Rivera, Dickens, Peoples-Stokes, Wallace, Zebrowski, Sillitti, Gunther
Relates to delinquent tax interest rates
Same as S 967-A RYAN
SUMM :Amd §924-a, RPT L Relates to setting a minimum and maximum delinquent tax interest rate for payments due on residential real property.
Last Act:06/04/24 substituted by s967a
06/07/24 returned to senate | | A5073A | Hunter CO: Steck, Wallace, Buttenschon, Hawley, Zebrowski, McDonald
Prohibits mortgagees from requiring mortgagors of certain real property to purchase flood insurance exceeding certain limits
Same as S 7125-A BRESLIN
SUMM :Add §283, RP L Prohibits mortgagees from requiring mortgagors of certain residential real property to purchase flood insurance exceeding a coverage amount that exceeds the balance as of the beginning of the year for which the policy shall be in effect, or that includes coverage for contents.
Last Act:06/05/24 RETURNED TO ASSEMBLY | Old Bill:A4424 of 2022 | | Old Bill Last Act:02/01/22 REFERRED TO JUDICIARY | | | A5167A | Tague
Relates to authorizing the county of Otsego to impose an additional mortgage recording tax of 25 cents per $100 of principal debt
Same as S 4289-A OBERACKER
SUMM :Add §253-z, Tax L Authorizes the county of Otsego to impose an additional mortgage recording tax of 25 cents per $100 of principal debt or obligation.
Last Act:06/07/24 substituted by s4289a
06/07/24 returned to senate | Old Bill:A6059A of 2022 | | Old Bill Last Act:05/03/22 REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS | | | A5794C | McDonough
Authorizes Seaford Fire District to file with the county of Nassau assessor an application for a retroactive real property tax exemption
Same as S 5850-C RHOADS
SUMM :Authorizes the Seaford Fire District to file with the county of Nassau assessor an application for a retroactive real property tax exemption.
Last Act:06/03/24 substituted by s5850c
06/03/24 returned to senate | | A5849A | Gallahan
Relates to establishing an additional mortgage recording tax in Chenango county
Same as S 5780-A OBERACKER
SUMM :Add §253-z, Tax L Relates to establishing an additional mortgage recording tax in Chenango county; provides for the repeal of such provisions.
Last Act:06/06/24 substituted by s5780a
06/06/24 returned to senate | | A7748B | Shimsky
Enacts the climate change property tax assessment relief act
Same as S 7515-A STEWART-COUSINS
SUMM :Add §467-n, RPT L Enacts the "climate change property tax relief act"; provides assessment relief to property owners within eligible municipalities; relates to payments of real property tax refunds and credits as a result of participating in the climate change property tax relief act.
Last Act:06/07/24 substituted by s7515a
06/07/24 returned to senate | | A9166B | Lavine
Extends the time for New York city marshals to exercise the same functions, powers and duties as sheriffs with respect to the execution of money judgments
Same as S 9377-A HOYLMAN-SIGAL
SUMM :Amd §3, Chap 455 of 1997; add §749-a, RPAP L Extends certain provisions relating to authorizing New York city marshals to exercise the same functions, powers and duties as sheriffs with respect to the execution of money judgments of the supreme and family courts of the city of New York; requires New York city marshals to post and electronically file notices of eviction.
Last Act:06/03/24 RETURNED TO ASSEMBLY | | A9263 | DiPietro
Authorizes the county of Wyoming to impose a county recording tax on obligations secured by a mortgage on real property
Same as S 8343 BORRELLO
SUMM :Amd §2, Chap 185 of 2005 Extends the authorization of the county of Wyoming to impose a county recording tax on obligations secured by a mortgage on real property from December 1, 2024 to December 1, 2027.
Last Act:06/07/24 substituted by s8343
06/07/24 returned to senate | Old Bill:A6183 of 2022 | | Old Bill Last Act:06/09/21 substituted by s4484
10/25/21 SIGNED CHAP.510 | | | A10097 | Beephan
Relates to hotel and motel tax in Dutchess county
Same as S 9181 ROLISON
SUMM :Amd §1, Chap 208 of 1983 Increases the tax the county of Dutchess can impose and collect on the occupancy of hotels, motels, boarding houses, conference centers and tourist homes from 4 percent to 5 percent.
Last Act:06/05/24 substituted by s9181
06/05/24 returned to senate | | A10208 | RULES COM Paulin
Authorizes the City of White Plains to alienate certain property owned by the City of White Plains and operated as the former Galleria of White Plains public parking garage
Same as S 9291 MAYER
SUMM :Amd §§1 & 2, Chap 471 of 2023 Relates to the parcels that may be alienated by the City of White Plains and operated as the former Galleria of White Plains public parking garage.
Last Act:06/04/24 substituted by s9291
06/04/24 returned to senate | | A10296 | RULES COM Weprin
Relates to the determination of adjusted base proportions in special assessing units which are cities
Same as S 9278 GOUNARDES
SUMM :Amd §1803-a, RPT L Relates to the determination of adjusted base proportions in special assessing units which are cities.
Last Act:06/04/24 substituted by s9278
06/04/24 returned to senate | | S967A | RYAN CO: HARCKHAM, PALUMBO
Relates to delinquent tax interest rates
Same as A 1489-A Thiele
SUMM :Amd §924-a, RPT L Relates to setting a minimum and maximum delinquent tax interest rate for payments due on residential real property.
Last Act:06/07/24 returned to senate | Old Bill:S6310B of 2022 | | Old Bill Last Act:01/05/22 REFERRED TO LOCAL GOVERNMENT | | | S5780A | OBERACKER
Relates to establishing an additional mortgage recording tax in Chenango county
Same as A 5849-A Gallahan
SUMM :Add §253-z, Tax L Relates to establishing an additional mortgage recording tax in Chenango county; provides for the repeal of such provisions.
Last Act:06/06/24 returned to senate | | S5850C | RHOADS
Authorizes Seaford Fire District to file with the county of Nassau assessor an application for a retroactive real property tax exemption
Same as A 5794-C McDonough
SUMM :Authorizes the Seaford Fire District to file with the county of Nassau assessor an application for a retroactive real property tax exemption.
Last Act:06/03/24 returned to senate | | S7125A | BRESLIN CO: PALUMBO
Prohibits mortgagees from requiring mortgagors of certain real property to purchase flood insurance exceeding certain limits
Same as A 5073-A Hunter
SUMM :Add §283, RP L Prohibits mortgagees from requiring mortgagors of certain residential real property to purchase flood insurance exceeding a coverage amount that exceeds the balance as of the beginning of the year for which the policy shall be in effect, or that includes coverage for contents.
Last Act:06/05/24 SUBSTITUTED BY A5073A
06/05/24 RETURNED TO ASSEMBLY | Old Bill:S4696 of 2022 | | Old Bill Last Act:06/03/22 COMMITTED TO RULES | | | S7515A | STEWART-COUSINS CO: HELMING, JACKSON, MAY
Enacts the climate change property tax assessment relief act
Same as A 7748-B Shimsky
SUMM :Add §467-n, RPT L Enacts the "climate change property tax relief act"; provides assessment relief to property owners within eligible municipalities; relates to payments of real property tax refunds and credits as a result of participating in the climate change property tax relief act.
Last Act:06/07/24 returned to senate | | S8136A | SANDERS CO: WEBB
Establishes the New York state cryptocurrency and blockchain study task force
Same as A 9507 Vanel
SUMM :Establishes the New York state cryptocurrency and blockchain study task force to provide the governor and the legislature with information on the effects of the widespread use of cryptocurrencies and other forms of digital currencies and their ancillary systems, including but not limited to blockchain technology, in the state.
Last Act:06/05/24 returned to senate | | S8343 | BORRELLO
Extends the authorization of the county of Wyoming to impose a county recording tax on obligations secured by a mortgage on real property
Same as A 9263 DiPietro
SUMM :Amd §2, Chap 185 of 2005 Extends the authorization of the county of Wyoming to impose a county recording tax on obligations secured by a mortgage on real property from December 1, 2024 to December 1, 2027.
Last Act:06/07/24 returned to senate | | S9278 | GOUNARDES
Relates to the determination of adjusted base proportions in special assessing units which are cities
Same as A 10296 RULES COM Weprin
SUMM :Amd §1803-a, RPT L Relates to the determination of adjusted base proportions in special assessing units which are cities.
Last Act:06/04/24 returned to senate | | S9291 | MAYER
Authorizes the City of White Plains to alienate certain property owned by the City of White Plains and operated as the former Galleria of White Plains public parking garage
Same as A 10208 RULES COM Paulin
SUMM :Amd §§1 & 2, Chap 471 of 2023 Relates to the parcels that may be alienated by the City of White Plains and operated as the former Galleria of White Plains public parking garage.
Last Act:06/04/24 returned to senate | | S9377A | HOYLMAN-SIGAL
Relates to the powers and duties of New York city marshals with respect to evictions
Same as A 9166-B Lavine
SUMM :Amd §3, Chap 455 of 1997; add §749-a, RPAP L Extends certain provisions relating to authorizing New York city marshals to exercise the same functions, powers and duties as sheriffs with respect to the execution of money judgments of the supreme and family courts of the city of New York; requires New York city marshals to post and electronically file notices of eviction.
Last Act:06/03/24 SUBSTITUTED BY A9166B
06/03/24 RETURNED TO ASSEMBLY |
Tags:
bills
legislation
legislative committee
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Posted By Richard Giliotti, Agent Section Chair,
Friday, May 17, 2024
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From the Suffolk County Clerk All
deeds for conveyances occurring after 5/31 requiring the Peconic Bay
Region Community Preservation form must use and complete the most recent
form (version 12/12/2023).
The form is available along with other forms on our website at:
https://suffolkcountyny.gov/Elected-Officials/County-Clerk/Forms
Tags:
Peconic
Suffolk County Clerk
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Posted By Robert Treuber,
Friday, May 10, 2024
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EXECUTIVE COMMITTEE MEETING
New York State Land Title Association
Via ZOOM
May 14, 2024
10:30 AM
AGENDA
1. Call to order – President Swarthout
2. President’s Greeting – President Swarthout
3. Approval of April Minutes - Executive Director Treuber
4. Exec Director Report – Executive Director Treuber
5. Treasurer’s Report – Mr. D’Addona
6. Title Section Report – Vice-chair Alonso
7. Agent Section Report – Chair Giliotti
8. Advocacy Committee Report – Chairs Pereyo & Stancanelli
9. Education Committee – Chair LaBar
10 Government Regulations Committee Report – Chair Cahill
11. Land Records Committee – Chair Alonso
a. Suffolk County meeting report
12.New Business
13. Adjourn
Tags:
Executive Committee
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Posted By Ted Rogers, President, Security Title Guarantee Corporation of Baltimore,
Thursday, May 9, 2024
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The industry, made up of mostly small businesses, charges a fair rate. Costs are already falling. Steve Adkins’s criticism of the title insurance industry is off base (“Title-Insurance Reform Is Waiting for a Good Lawsuit,” Letters, April 24). Contrary to Mr. Adkins’s claims, the cost of coverage has decreased by 7.8% nationally since 2004, according to the American Land Title Association. Title companies profit only $0.08 for every dollar they receive, the association notes. These businesses invest significant resources upfront to achieve a clean title. They conduct extensive public-record searches prior to closing. The one-time premium covers the cost of discovering, identifying and correcting past title defects, as well as insuring against any unknown risks not found in the public records, such as fraud or forgery. State departments of insurance oversee industry practices and rates to ensure they are justified by actuarially supported data. The title industry has a proven record of helping Americans secure the dream of homeownership, and 90% of the industry is comprised of hardworking small businesses in communities across the country. These companies protect homeowners. There’s no reason to reform a system that isn’t broken. Appeared in the May 8, 2024, Wall Street Journal print edition as 'No Good Reason to Reform Title Insurance'.
Tags:
Alternative to Title Insurance Products
Title Waiver Pilot
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