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Nassau’s Rate Increase Implemented Without Notice - It was on Monday, September 28, 2015 that I wrote about Nassau County‚Äôs plan to significantly increase the fees they will charge to record land records. We all were alerted as to what the increases would be, but we had no idea when they would become effective. Yesterday afternoon, I received notice that Nassau County […]
Nassau County Backs Down, Delays Implementing Recording Rate Increase - A little more than two weeks ago, Nassau County implemented an astronomical increase in the fees they charge for recording documents that are submitted into the land records. Not only was the increase HUGE, but they only gave the general public, title insurance companies included, 48 hours notice. This sudden increase in fees caused significant […]
Alert: New 15% Withholding - I usually take the time to completely digest new items and write about them myself. Right now, my schedule does not allow me to do that. In order to disseminate the information promptly, I am coping a news item just distributed by one of my favorite title insurance companies. So, here it is: ALERT: 10% […]
NY Real Estate and Swiss Bank Accounts - The New York real estate industry has seen a flurry of changes recently. Electronic recording is now available in many counties. The CFPB has recently issued new closing requirements. Local municipalities seem to be trying to (in part) make up for shortfalls in their budgets by increasing fees associated with our industry on a regular […]
Here’s What’s Changing in the FinCEN Geographical Targeting Order - The Director of the Financial Crimes Enforcement Network (FinCEN) announced yesterday, (July 27, 2016) that they are EXTENDING the reporting requirements that are contained in the Geographical Targeting Order (GTO) that was put into effect on March 1. The original GTO was set to expire on August 27, 2016. It is now extended until February […]