On the evening of Monday, December 21, 2015 the Nassau County Legislature passed two emergency resolutions. This vote changed to January 4, 2016, the effective date of the block recording fee increase and the Tax Map Verification Letter (TMVL) fee increase.
These are recorded as Resolution 542-15 and 543-15 and the files are attached to this blog post.
You can see a video of the proceedings at this site:
http://nassaucountyny.iqm2.com/Citizens/SplitView.aspx?Mode=Video&MeetingID=1610&Format=Agenda
The Association's public comment starts at 05:01:00 and lasts for about 5 minutes.
The vote of the Legislature starts at approximately 07:23:00.
The logistics of the refunds have not yet been announced. We will post that information here as soon as possible.
Earlier today, we spoke with Nassau County Clerk O'Connell, who was a very vocal opponent to these fee increases. The Clerk's Office has provided the following information:
- There is a grace period for the new fee. All documents presented for recording prior to 9 am January 4, 2016 will be subject to the current block fee ($150).
- This means the last day to present instruments for recording in person for the current fee ($150) will be December 31, 2015 as Friday January 1, 2016 is a County holiday.
- Please ensure all documents presented by your on-site recorders have been thoroughly reviewed for recordability.
- Documents presented prior to the end of the grace period (1/4/16) that are rejected and resubmitted after January 4, 2016 will be subject to the new block fee ($300) regardless of when the document was initially presented.
On a personal note, I want to say that I had to sit in the Legislature's Chamber for six hours to have my three minutes to speak. NYSLTA Member and Nassau County Legislator Howard Kopel has been on the right side of this issue from the start and we are grateful for all his help. I appreciate the company of NYSLTA President Marianne Mathieu, who provided the moral support this endeavor required. Also, I enjoyed the company of NYSLTA Members Sal Turano and Ted Werner.
The material benefits of this resolution, as measured in dollars is modest. The meaning of the accomplishment is much more important. The title industry spoke with one voice and we were heard. The unsung helpers at Title Action Network, as well as Paul Larrabee and Scott Wexler made immeasurable contributions.
If you are an NYSLTA Member, you should be proud of your profession and the vital role you play in the functioning of the real estate economy.
If you are not an NYSLTA Member - do a little soul searching. Then scroll to the top of this page and join.