Tax Type
Recordation Tax
Description
Deed of Trust; New Debt; Exemption
Topic
Documents Subject to Tax
Date Issued
06-05-1974
A deed of trust recorded as security for an obligation is subject to the recordation tax regardless of the fact that it has the same effect as if a "vendor's lien' covering the same obligation had been included in a previously recorded deed of bargain and sale. A deed of trust is exempt from the recording tax only when used to add to or substitute for consideration in a previously recorded security agreement.
Attorney General's Opinion