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Does a transfer tax (payable to a government entity, not to an association) need to be disclosed on the GFE?

April 26, 2017Association disclosed entity GFE government Payable tax transfer

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Does a transfer tax (payable to a government entity, not to an association) need to be disclosed on the GFE?

1 Answer

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10 Posted

Yes. On a purchase there will always be a State doc fee disclosed. Most commonly found in resort communities, transfer taxes must also be disclosed on the GFE. Use of the GFE calculator and confirmation of fees will provide this information if applicable, as does the commitment when issued.