Pioneer Title Agency In the News

April 15, 2019
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Brace Yourselves – Uniform Recording Fees are Coming!

 

This past weekend, it seemed the social media world was divided in two: Wanna-be Dragon Lords obsessed with the release of Game of Thrones, and those who had never seen an episode. And whether you find yourself with the first or the latter, one thing is for sure…uniform recording fees are coming.

 

 

Files closing on or after July 1st will close with the new uniform recording fees. That means in the next few weeks you could open a file that during the life of the transaction the cost to record will change.  Be aware and plan accordingly.

 

Your New Flat Rate Recording Fees:

$30 Deed of Trust
$30 Deed
$30 Release
NO CHARGE for Affidavit of Property Value
NO CHARGE for Indexing Fees

 

 

Summary of changes:

  1. SB1043 – county recorder; recording fees– was signed into law with an effective date of June 30, 2019.
  2. Establishes a flat fee of $30 per instrument for recording papers required or authorized to be recorded, rather than a fee of $5 for the first five pages and $1 for each additional page.
  3. Establishes a flat fee of $15 per instrument for recording papers at the request of the United States, Arizona or specified political subdivisions, rather than a fee of $3 for the first five pages and 50 cents for each additional page. FACT SHEET – Amended S.B. 1043 Page 2
  4. Replaces specified fees with established flat fees by eliminating the following: a) a $15 fee for each deed that transfers, conveys or affects an interest in real property; b) a $25 fee for each deed of trust or mortgage; and c) a $10 fee for each release of a deed of trust or mortgage.
  5. Omits indexing charges.
  6. Includes the $2 charge for the Affidavit of Property Value in the flat rate recording fee.

 

Should you have questions, please don’t hesitate to reach out to your local Pioneer Title Agency. You can find the closest location to you here!