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Recorder Notices

Assembly Bill (AB) 661

Date: Dec 1, 2015

FOR IMMEDIATE RELEASE

@LACountyRRCC

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Assembly Bill (AB) 661

Assembly Bill (AB) 661 was passed by the California State Legislature and signed into law to amend Senate Bill (SB) 1342 (2012). AB 661 exempts any real estate instruments subject to Documentary Transfer Tax from the $3 Real Estate Fraud Prosecution Fee and any document recorded concurrently with such document.

Effective January 15, 2016, when submitting a document for recording that is concurrent, or is presented for recording within the same business day, with a document that is subject to the imposition of DTT, one of the following statements must appear on the first page of the document to receive an exemption from the payment of the fee.

  1. If the docuemnt is subject to a documentary transfer tax

    "A DTT declaration with the amount of tax due, stating that the transfer is subject to the tax."

  2. If the document is recorded concurrently

    "Exempt from fee under GC 27388 due to being recorded in connection with a concurrent transfer that is subject to the imposition of Documentary Transfer Tax."

  3. If the document is recorded the same business day

    "Exempt from the fee under GC 27388 due to being recorded in connection with a transfer that is subject to imposition of Documentary Transfer Tax recorded the same business day with instrument number __________."


Failure to include one of the three statements indicated above will result in the imposition of the fee which will not be available for refund.

Please contact Bessie O'Camb, Section Head of the Document Analysis and Recording Section at (562) 462-2114.

Clerk Notices

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