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Update for Recording Fees for Multiple Transactions in a Single Document

By Doug Cornelius

The Massachusetts Real Estate Bar Association sent me a notice that: On July 13, 2008, Governor Patrick signed the FY 2009 budget which included outside sections amending Massachusetts General Laws Chapter 262, § 38 and Chapter 44B, § 8 to require additional recording fees for multifunctional documents. The Amendments provide that ?when a document includes multiple references to a document or instrument intending or attempting to assign discharge, release, partially release, subordinate or notice any other document or instrument, each reference shall be separately indexed and separately assessed and additional recording fee.? The intent of the Amendments is eliminate any confusion that may have arisen with respect to recording fees subsequent to the Patriots Resorts Corporation case [71 Mass...continue to full post

Full post as published by Real Estate Space on July 24, 2008 (boomark / email).