Category Archives: New York State

Update: New York State And The IDA Mortgage Tax Refund

Hallmark Abstract Service New York title insurance

On February 1, Governor Cuomo signed a bill (A374 / S979) that reset the expiration date of a portion of the IDA mortgage tax exemption to June 30, 2017. As you may recall, the bill removing a portion of the mortgage tax exemption initially went into effect for mortgages recorded on and after September 30, […]

2014 Title Insurance Industry Year In Review…Agent Licensing and ALTA’s Seven Pillars

title insurance licensing in new york state

2014 was a year that witnessed significant changes in the way that title insurance agents in New York State would be monitored and, for the first time, licensed by the NYS Department of Financial Services (DFS)! It also was a year in which title insurance agents needed to prove that they were in compliance with the Seven Pillars of Best Practices established by the American […]

In New York State, why do you hire a title insurance agency?

While there are many functions that a title agency might offer to an attorney acting on behalf of a client or to a client directly, the primary function is generally going to be issuing a title insurance policy for a property that will ensure the owner good, clean and clear ownership! In other words that no […]

New York State is #1 but the category is not good! (Map)

title insurance New York,New York City,Long Island

New York State is #1 in the nation for income tax collections per capita! Every US state would like to be known as the #1 best state for a variety of categories including such things as tourism and quality of life. But New York State has the ‘honor’ of being #1 in a category that no other […]

Hallmark Abstract Service wants to be your New York State title insurance provider

Hallmark Abstract Service New York State title insurance

And these are some of the reasons why! Hallmark Abstract was founded on these fundamental principles: One is to provide service above and beyond the expectations of our clients, while the other is to ensure that there will never be any surprises at the closing table. With that in mind, two basic questions guide us […]