Tax Type
Recordation Tax
Description
Supplemental Instruments; Rent Assignment Further Securing Loan;Permanent Loan Deed of Trust
Topic
Documents Subject to Tax
Date Issued
12-31-1974
An instrument assigning rent to further secure a loan, the deed of trust for which qualified for exemption as a permanent loan deed of trust, is subject to the document recording tax. The exemption for a supplemental instrument pledging property as additional security for a debt secured by a previously-recorded instrument applies only if the recording tax is paid on the original instrument.
Attorney General's Opinion