JANUARY, 2018
NEW AFFORDABLE HOUSING AND JOB ACTS FEE, ALSO KNOWN AS SB2
Establishes permanent, ongoing sources of funding dedicated to affordable housing development
Money to be placed in Building Homes and Jobs Fund created with the CA State Treasury
New Fees
Commencing January 1, 2018, and except as provided in paragraph (2), in addition to any other recording fees specified in this code, a fee of $75.00 shall be paid at the time of recording of every real estate instrument, paper, or notice required or permitted by law to be recorded, except those expressly exempted from payment of recording fees, per each single transaction per parcel of real property. The fee imposed by this section shall not exceed $225.00.
Documents Covered
Real estate instrument, paper, or notice means a document relating to real property, including, but not limited to, the following:
Grant Deed
Trustee’s Deed
Deed of Trust
Reconveyance
Quit Claim Deed
Fictitious Deed of Trust
Assignment of Deed of Trust
Request for Notice of Default
Abstract of Judgment
Subordination Agreement
Declaration of Homestead
Abandonment of Homestead
Notice of Default
Release or Discharge
Easement
Notice of Trustee Sale
Notice of Completion
UCC Financing Statement
Mechanic’s Lien
Map
Covenants, Conditions and Restrictions
Exemptions
The fee described in paragraph (1) shall not be imposed on any real estate instrument, paper, or notice recorded in connection with a transfer subject to the imposition of a documentary transfer tax, or notice recorded with the transfer of real property that is a residential dwelling to an owner-occupier.