SB-2 Communications
Posted: Tue Oct 15, 2019 4:48 pm
Anyone have any thoughts on this? I am filing a Certificate of Correction for an old project after discovering the field crew set a monument of a different character.
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Hello Mr. Pallamary,
I am responding to your question in regards to the SB2 Fees and how they would apply to a Certificate of Correction on behalf of Val Wood.
In accordance with Government Code 27388.1 the SB2 Fee applies to any document recorded after January 1, 2018 unless expressly exempt.
The code specifically defines the exemptions from the fee:
The fee described in paragraph (1) shall not be imposed on any of the following documents:
(A) Any real estate instrument, paper, or notice recorded in connection with a transfer subject to the imposition of a documentary transfer tax as defined in Section 11911 of the Revenue and Taxation Code.
(B) Any real estate instrument, paper, or notice recorded in connection with a transfer of real property that is a residential dwelling to an owner-occupier.
(C) Any real estate instrument, paper, or notice executed or recorded by the federal government in accordance with the Uniform Federal Lien Registration Act (Title 7 (commencing with Section 2100) of Part 4 of the Code of Civil Procedure).
(D) Any real estate instrument, paper, or notice executed or recorded by the state or any county, municipality, or other political subdivision of the state.
Since you indicated that you intend to record a Certificate of Correction on its own, it does not appear that any of the exemptions would apply.
In response to your question regarding this document being recorded to correct something that already recorded, yes the fee would still apply.
A copy of GOV 27388.1 is attached for reference. Please let me know if you have any additional questions.
Thank you,
David E. Gonzalez
Assistant Division Chief
Assessor/Recorder/County Clerk
***********************************************************************************************
Hello Mr. Pallamary,
I am responding to your question in regards to the SB2 Fees and how they would apply to a Certificate of Correction on behalf of Val Wood.
In accordance with Government Code 27388.1 the SB2 Fee applies to any document recorded after January 1, 2018 unless expressly exempt.
The code specifically defines the exemptions from the fee:
The fee described in paragraph (1) shall not be imposed on any of the following documents:
(A) Any real estate instrument, paper, or notice recorded in connection with a transfer subject to the imposition of a documentary transfer tax as defined in Section 11911 of the Revenue and Taxation Code.
(B) Any real estate instrument, paper, or notice recorded in connection with a transfer of real property that is a residential dwelling to an owner-occupier.
(C) Any real estate instrument, paper, or notice executed or recorded by the federal government in accordance with the Uniform Federal Lien Registration Act (Title 7 (commencing with Section 2100) of Part 4 of the Code of Civil Procedure).
(D) Any real estate instrument, paper, or notice executed or recorded by the state or any county, municipality, or other political subdivision of the state.
Since you indicated that you intend to record a Certificate of Correction on its own, it does not appear that any of the exemptions would apply.
In response to your question regarding this document being recorded to correct something that already recorded, yes the fee would still apply.
A copy of GOV 27388.1 is attached for reference. Please let me know if you have any additional questions.
Thank you,
David E. Gonzalez
Assistant Division Chief
Assessor/Recorder/County Clerk