ACRIS FEE CALCULATOR
New feature computes fees
Dear Members,
The City Register’s Office has recently added a new feature that will allow the industry to calculate recording fees for documents submitted to its offices.
From the ACRIS Main Screen http://a836-acris.nyc.gov/CP/ please click the “Calculate Taxes/Fees” tab.
From there click on the “Fees” tab and you will be able to calculate with accuracy the cost of recording most, if not all your documents.
The City Register has added this calculator because of the recent requirements (by lenders, the CFPB and the DFS) that require the exact cost of recording documents to be reflected at the closing.
In addition thereto, for members that still wish to calculate recording fees without the help of a program, a formal list of recording charges have been made more easily available on the Department of Finance’s website.
Go to http://www1.nyc.gov/site/finance/taxes/acris.page and click on the “fees and requirements” tab.
(Scroll down to see a screen-shot)
We hope you find the improvements helpful and we thank the City Register’s Office for helping us meet some of the regulatory challenges facing our industry.
Tommy Tafuri
Chair, Land Records Committee
