Finance
NYC's Additional Mortgage Recording Tax is paid by:
AThe lender
BThe borrower (mortgagor)✓ Correct
CThe title company
DSplit equally between lender and borrower
Explanation
In New York, the mortgage recording tax (including NYC's additional tax) is paid by the borrower (mortgagor) at the time the mortgage is recorded. Rates vary by loan type and loan amount.
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