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In Pennsylvania, the mortgage recording tax (mortgage registry tax) is:

Correct Answer

A) Not applicable

Pennsylvania does not have a mortgage recording tax, though there are nominal recording fees.

Answer Options
A
Not applicable
B
1% of the debt amount
C
2% of the debt amount
D
Varies by county
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Related Topics & Key Terms

Related Topics:

recording-fees-real-estateclosing-costs-by-statemortgage-tax-deduction

Key Terms:

mortgage recording taxPennsylvania recording feesrealty transfer taxclosing costs Pennsylvaniamortgage tax exemption

Related Concepts

Foreclosure is the legal process by which a lender takes possession of a property when a borrower fails to make mortgage payments. It allows the lender to sell the property to recover the outstanding debt.

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