HB1858 eliminates exemptions for assignments or substitutions of previously recorded deeds of trust from document recording fees and covenant.

HB1858 removes exemptions for assignments or substitutions of previously recorded deeds of trust from both the document recording fee and the covenant homeownership program assessment. These fees, which were previously exempt, will now be applicable to these types of documents. The bill ensures that all recorded deeds of trust, including those that are reassigned or substituted, will contribute to the funding of the covenant homeownership program. This change aims to provide a more equitable distribution of the financial burden associated with recording fees and assessments.

HB1858 eliminates exemptions for assignments or substitutions of previously recorded deeds of trust from document recording fees and covenant.

HB1858 removes exemptions for assignments or substitutions of previously recorded deeds of trust from both the document recording fee and the covenant homeownership program assessment. These fees, which were previously exempt, will now be applicable to these types of documents. The bill ensures that all recorded deeds of trust, including those that are reassigned or substituted, will contribute to the funding of the covenant homeownership program. This change aims to provide a more equitable distribution of the financial burden associated with recording fees and assessments.