Pay Your Invoice with LawPay

Spano Abstract Service Corp.

A Lifetime In the Title Insurance Industry.

Items of Interest: NEW Suffolk County Recording Charge; NASSAU County Fee Increase

Items of Interest: NEW Suffolk County Recording Charge; NASSAU County Fee Increase

On December 6, 2016, the Suffolk County Legislature passed Local Law 26-2016. This law now requires that all mortgage-related instruments submitted for recording in Suffolk County be subject to a Real Property Tax Service Agency, Mortgage Verification Fee of $300 per instrument. The fee is the same regardless of the number of lots.

Effective December 7, 2016, Spano Abstract will start collecting these fees in anticipation of Suffolk County imposing its new policy. This fee will be reflected on your closing invoice as Mortgage Document Verification Fee.

This new fee is in addition to the current Lot Verification Fee of $200 which is charged per lot on all instruments. This Lot Verification Fee was put into effect on December 18, 2015.

Effective January 1, 2017, Nassau County's Tax Map Verification Fee is being raised to $355 per letter.

If you have any questions regarding the new fees or your closing invoice, please don’t hesitate to call.

Changes & Developments: New DFS Regulations

Changes & Developments: New DFS Regulations

If you would like to read the entire text of Regulation 208, please follow the link below. Thank you.

DFS Regulation 208, 11 NYCRR 228

NEW Forms

NEW Forms

The following forms are available on our Forms Page:
FinCEN Form 8300 Fillable
FinCEN_Questionaire Fillable

Forms Page

Providing Quality Title Insurance Services Since 1985