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TIRSA Rate Manual Updates – Effective 10/1/2024
This post is to advise you of changes to the New York State TIRSA Rate Manual, 7th Revision effective 10/1/2024. This revision contains all changes approved by the Superintendent of […]
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NY Quarterly Legal Journal
I hope this message finds you well as we move into the third quarter of 2024 and the start of summer. Below you will find the July 2024 edition of […]
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City of Mount Vernon change transfer tax
Effective January 1, 2024 the City of Mt. Vernon has increased their Transfer Tax rate from 1% to 1.5%. The exemption level has been reset to $50,000. The increased rate […]
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JDS’ 111 West 57th Street penthouse sells for $53M
JDS Development has locked down another deal at 111 West 57th Street. An unknown buyer paid $53 million, or roughly $7,600 per square foot, for a penthouse at the Billionaires’ […]
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FinCEN Issues Compliance Guide to Help Small Businesses Report Beneficial Ownership Information
Immediate Release September 18, 2023 WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) published a Small Entity Compliance Guide to assist the small business community in […]
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NYS Dept of Taxation, Opinion on Revocable Licenses
NYS Department of Taxation and Finance (DTF) recently took the position that a revocable license granted for a parking space and a revocable license granted for storage space in a […]
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Current Developments, July, 2023
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
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Suffolk County, Peconic Bay Tax Explainer
WHAT The Peconic Bay Community Preservation Fund Tax rate will increase on April 1, 2023 per NY Tax Law 1449-BB and local town codes. Note -Property with a binding contract […]
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Current Developments, March 2023
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
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New Notary Regulations: Remote Notary & Journal Requirements
A new law, NY Executive Law Section 135-c, authorizes notaries to perform electronic notarial acts by registering with the Department of State and complying with new rules. Notaries wishing to […]
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Suffolk County, Additional Peconic Bay Tax
On January 10, 2023, the County of Suffolk issued a memo announcing that it will delay the full implementation of the recently enacted changes for the Peconic Bay Community Preservation […]
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NY Title Industry News and Updates – July 2022
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
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NY Title Industry News and Updates – May 2022
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
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NY Title Industry News and Updates – April 2022
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
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NY Title Industry News and Updates – February 2022
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
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NY Title Industry News and Updates – January 2022
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
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NY Title Industry News and Updates – November 2021
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
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GIT/REP Forms Update Alert
Please be advised that the following GIT/REP forms have been updated over the course of 2021: GIT/REP-1: Nonresident Seller’s Tax Declaration [revised October 2021] GIT/REP-2: Nonresident Seller’s Tax Prepayment Receipt [revised October […]
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NY Title Industry News and Updates – October 2021
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
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NY Title Industry News and Updates – August 2021
Current Developments Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would […]