UP - The recording fee for a deed of trust in North Carolina is going UP from $56.00 to $64.00 on October 1, 2016. 

UP - The number of pages that are included in the recording fee is going UP from 15 pages to 35 pages.

AWAY – The hope is that this will do AWAY with problems being created because of a change in a recording fee due to requirements of TILA-RESPA INTEGRATED DISCLOSURE (“TRID”).  

Most residential deeds of trust are between 11-14 pages, so the current $56 recording charge covers that.  However, when you add a planned unit development rider, VA assumption rider or sometimes even the legal description, the number of pages increases to more than 15, so the recording cost increases by $4.00 per page over 15.  Raising the fee by $8.00 increases cost to some, but increasing the number of pages that can be recorded without additional charge to 35 pages will reduce the cost for many.  This increase will decrease the number of revised Closing Disclosures being needed which is a good thing for all parties involved.  So this is one time when a fee going up is a good thing.

Published by Susan R. Benoit on August 30, 2016