CLOSING AGENTS HOUSING FINANCE AUTHORITY OF BROWARD COUNTY
SINGLE FAMILY HOMEOWNER MORTGAGE REVENUE BOND PROGRAM
Denihan and Associates, Program Administrator
SPECIAL REQUIREMENTS OF THE PROGRAM
The first mortgage is being provided by the Housing Finance Authority of Broward County Single
Family Mortgage Revenue Bond Program. These mortgages are exempt from documentary stamp
tax and intangible tax. Second mortgages showing the Housing Finance Authority as the
mortgagee are also exempt.
MORTGAGES AND NOTES IN THIS PROGRAM ARE EXEMPT FROM DOCUMENTARY
STAMP TAX UNDER 201.08, F.S. AND FLORIDA NONRECURRING INTANGIBLE TAX
UNDER 199, F.S. PER 159.621 FLORIDA STATUTES. DEEDS ARE NOT EXEMPT.
IF THESE FEES ARE CHARGED, PROOF OF REFUND MUST BE PROVIDED FOR THE
LOAN TO BE PURCHASED.
Buyers are not permitted to pay the fees on the deeds. This seller’s expense must be paid by the
Changes that occur at closing may affect the loan’s compliance with tax law. Please check with
the lender if any changes occur at closing including income, sales price and those who are to be
listed on title.
Questions should be directed to the participating lender.
Each county recorder has specific recording requirements for exempt loans. Closing agents should
familiarize themselves with such conditions.
Documents should be returned to the lender for delivery to the Master Servicer.
We appreciate the role you play in delivering affordable housing to Florida residents.
Thank you for your kind attention.
Note: All documents should be returned to the Lender.