Author Archives: American Title Agency, LLC

House Passes Dodd-Frank Reform Act

The U.S. House of Representatives has announced the passage of the Financial CHOICE Act (Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs), legislation to overhaul and replace the Dodd-Frank Act. “Every promise of Dodd-Frank has been broken,” said House … Continue reading

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Changes to the NJ Recording Act

You will recall that the NJ Recording Act was revised back in May of 2012.  As part of that revision, the law implemented an optional cover sheet for all documents to be submitted for recordation (NJSA 46:26A-5(b)).  If a document … Continue reading

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NOTICE: Increase in Nassau County Verification Fee

We have just been advised by the New York State Land Title Association that the Nassau County Legislature has approved an increase in the tax map verification letter (TMVL) fee, despite the opposition of the county clerk and the no … Continue reading

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NOTICE Suffolk County Mortgage Verification Fee Increase       Pursuant to an act of the Suffolk County Legislature, effective January 1, 2017, the Suffolk County Clerk’s office will begin to assess a Mortgage Verification fee on all mortgage related documents submitted … Continue reading

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Big Changes for New Jersey Estate Tax

 R.I.P. New Jersey Estate Tax: 1934 – 2017 You may have seen various news stories concerning the State’s recent dilemma with funding the Transportation Trust Fund. The Legislature has passed, and the Governor has signed, two laws that provide a … Continue reading

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In The News – June 2011

BORROWERS, LENDERS, AND PROCESSING PAYMENTS             The Real Estate Settlement Procedures Act (RESPA) is a federal consumer protection law that regulates the real estate settlement process, including the servicing of loans and the assignment of those loans. RESPA places a … Continue reading

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IN THE NEWS

NEW FEDERAL TAX LAW ENACTED             On December 17, 2010, the president signed into law an $858 billion federal tax package. The main elements of the legislation are a two‑year extension of the reductions of income, capital gains, and dividend … Continue reading

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