Statutes, codes, and regulations
District Of Columbia Administrative Code
Title 9 - TAXATION AND ASSESSMENTS
Chapter 9-5 - TAX ON RECORDATION OF DEEDS
Rule 9-511 - DEEDS ISSUED PURSUANT TO FORECLOSURE PROCEEDINGS

D.C. Mun. Regs. tit. 9, r. 9-511

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Current through Register 71, No. 45, November 7, 2024
Rule 9-511 - DEEDS ISSUED PURSUANT TO FORECLOSURE PROCEEDINGS
511.1

Any deed which is issued pursuant to a foreclosure sale and submitted for recordation shall be subject to the tax imposed pursuant to § 303 of the Act (D.C. Official Code § 42-1103) regardless of the identity of the grantee named in the deed, including a grantee who is the original secured party or mortgagee under the deed of trust or mortgage which secured the debt or other obligation on the property in question.

511.2

Any deed which is issued in place of a foreclosure sale and submitted for recordation shall be subject to the tax imposed pursuant to § 303 of the Act (D.C. Official Code § 42-1103) regardless of the identity of the grantee named in the deed, including a grantee who is the original secured party or mortgagee under the deed of trust or mortgage which secured the debt or other obligation on the property in question.

511.3

For purposes of this section, the measure of the tax shall be the consideration for the deed as provided in § 303 of the Act.

511.4

The provisions of § 502 of this chapter shall apply to this section.

D.C. Mun. Regs. tit. 9, r. 9-511

Final Rulemaking published at 27 DCR 5929 (November 11, 1980), incorporating text of Proposed Rulemaking published at 27 DCR 3347 (August 1, 1980): as amended by Final Rulemaking published at Final Rulemaking published at 31 DCR 1205 (March 9, 1984); as amended by Final Rulemaking published at 61 DCR 4717 (May 9, 2014)
Authority: Section 317 of the District of Columbia Deed Recordation Tax Act of 1962, approved March 2, 1962, as amended (76 Stat. 11; D.C. Official Code § 42-1117 (2012 Repl.)); Section 2(c)(3) of the District of Columbia Recordation of Economic Interests in Real Property Tax Amendment Act of 1989, effective September 9, 1989 (D.C. Law 8-20; 36 DCR 4564 (June 30, 1989)); Section 201(a) of the 2005 District of Columbia Omnibus Authorization Act , approved October 16, 2006 (120 Stat. 2019; Pub.L. 109-356, D.C. Official Code § 1-102.24 d (2012 Repl.)); and the Office of the Chief Financial Officer Financial Management and Control Order No. 00-5, effective June 7, 2000.