December 19, 2016
Advantage Title: Industry Bulletin 2016-08
Nassau County Tax Map Verification Letter Fee Increase Effective January 1, 2017
On December 14, 2016, the Nassau County Legislature approved an increase of the Tax Map Verification Letter (“TMVL”) fee from $225.00 to $355.00 (“TMVL Fee”) per document. The TMVL is a prerequisite to recording an instrument affecting real property with the Nassau County Clerk’s Office. The TMVL Fee will be required by the Nassau County Department of Assessment (the “Department”) as of January 1, 2017. Advantage Title (the “Company”) will begin collecting the TMVL Fee for all closings occurring on or after December 21, 2016. In the event the Department does not collect the TMVL Fee at the time of issuance of the TMVL, the Company will refund the client $130.00 per document.
Please contact Drew Steigler, Chief Underwriting Counsel, at
631.424.6100 or firstname.lastname@example.org
with any questions concerning this Bulletin.
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