SECTION 255 AFFIDAVIT



Affidavit for Organization Exempt from Special Additional Mortgage Recording Tax

NYS Credit Union Converted from a Federal Credit Union

NYS Tax Law § 253(1-a)(a)

STATE OF NEW YORK :

: ss.:

COUNTY OF __________ :

____________, being duly sworn, deposes and says:

1. I am the attorney for the ____________ Union, a cooperative association organized under the ___________________ with a place of business at ____________.

2. This affidavit is made to the Register/Clerk of the County of __________ in connection with a mortgage dated ____________, 20___ by and between ____________ to the ____________ Union, as mortgagee.

3. Specifically, your deponent makes this affidavit in order that the mortgagee referred to in paragraph “2” hereinabove be granted an exemption from the special additional mortgage tax imposed by section 253 of the NYS Tax Law.

4. The mortgagee is a credit union that has been issued a certificate from the Superintendent of Banks pursuant to section 486 of the Banking Law indicating that the credit union has converted from a federal charter to a state charter on or after January 1, 2009.

5. Pursuant to section 486-a of Article 11 of the Banking Law, the mortgage is exempt from the special additional mortgage recording tax imposed by section 253(1-a)(a) of the NYS Tax Law.

________________________________

Sworn to before me this

________ day of ___________, 20___.

______________________________

Notary Public

................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download