The California Legislature afresh passed, and the Governor active into law, the Building Homes and Jobs Act (also accepted as “SB 2”), instituting an added recording fee customs on some absolute acreage abstracts recorded afterwards January 1, 2018.
Subject to some important exemptions, the currently applicative canton recording fees will access on January 1st by $75 per absolute acreage instrument, per anniversary distinct transaction, per bindle of absolute property, but not to beat a best customs of $225 per distinct transaction. This is in accession to added recording fees that may administer to a document.
The types of “real estate” abstracts that will be accountable to the added fees accommodate the following: deed, admission deed, trustee’s deed, accomplishment of trust, reconveyance, quitclaim deed, apocryphal accomplishment of trust, appointment of accomplishment of trust, appeal for apprehension of default, abstruse of judgment, ascendancy agreement, acknowledgment of homestead, abandonment of homestead, apprehension of default, absolution or discharge, easement, apprehension of trustee sale, apprehension of completion, UCC costs statement, mechanic’s lien, maps, and CC&Rs.
Documents Expressly Exempted From SB 2 Fees
The added fee will NOT be answerable on any absolute acreage instrument, paper, or notice:
Also, no added SB 2 fees will be charged: (1) to almanac added types of abstracts not accompanying to absolute property, or (2) already the fee cap of $225 has been accomplished on absolute estate-related documents.
Documents believed to be absolved from advantageous the $75 fee charge be accompanied by a acknowledgment of accurate absolution allegorical the acumen for absolution from the fee, either on the face of the certificate or on a coversheet which becomes allotment of the recorded document, back submitted for recording. Some counties (e.g., San Diego) accept generated forms for use in declaring exemptions, but there is not yet a connected anatomy available.
Failure to accommodate an absolution acumen will aftereffect in the artifice of the $75 SB 2 fee, and any fees calm are deposited to the accompaniment and may not be accessible for refund.
This actual is not advised to be relied aloft as a account of the law, and is not to be construed as legal, tax or advance advice. You are encouraged to argue your legal, tax or advance able for specific advice. The actual is meant for accepted ogy and/or advisory purposes only. Although the advice has been aggregate from sources believed to be reliable, no representation is fabricated as to its accuracy. Click on any figure beneath to allotment this article:
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