I work for a lender in the midwest and we occasionally do UCC filings in Florida and get requested by our filing vendor to pay a documentary stamp fee of $.30/$100 financed and capped at $2,450. I have received mixed information on this and have even received conflicting answers when calling the FL Dept. of Revenue. The link below makes it sound like UCC filings are exempt if the note or other security agreement are not being filed of record. Does anyone have any expierance with this?
https://floridarevenue.com/taxes/taxesfees/Pages/doc_stamp.aspxFrom the FL site:
Note: The filing of the State of Florida Uniform Commercial Code Financing Statement (Form UCC-1) in its original form is not taxable. However, a notation must be placed on the UCC-1 indicating whether or not tax was properly paid on any obligation that caused the need for the UCC-1.
Previous Thread
Index