Effective April 23, 2008, the maximum filing fee for the filing of a cooperative/condominium/homeowners' association/timeshare offering plan has increased. The filing fee is 4/10 of 1% of th total offering price with a minimum of $750 for offerings under $250,000, and a maximum of $30,000 for offerings of $7,500,000 or more. The maximum filing fee prior to April 23, 2008 was $20,000, representing an increase of $10,000. The fee is paid in two installments, the first $15,000 is submitted to the Department of Law with the initial submission of an offering plan. The remaining $15,000 is due once the reviewing personnel at the Attorney General's Office advise that the offering plan is accepted for filing.
Tuesday, May 27, 2008
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