Finance
In New York, the mortgage recording tax is paid:
ABy the lender at the time the loan is originated
BBy the borrower/mortgagor when the mortgage is recorded✓ Correct
CBy the title company on behalf of both parties
DOnly on commercial mortgages
Explanation
New York imposes a mortgage recording tax, which is paid by the borrower (mortgagor) when the mortgage is recorded. The rate varies by county and loan amount (generally around 1.
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