FHFA Announces Transfer Fee Revised Rule   Leave a comment

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On February 1, 2011, the FHFA announced that it had sent a new, revised rule to the Federal Register regarding transfer fees.  The new proposed rule addresses comments received in the proposed rule making from this past fall (see previous posts).  Judging from the press release itself it appears that FHFA took a serious look at the comments that were submitted.

According to the press release from the FHFA the new rule would exclude payments to community associations and tax-exempt community foundations from the prohibition on transfer fees. However, fees that do not directly benefit the property would be barred.

The proposed rule itself is available here.

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