Section 255 Affidavit (CEMA) (NY) | Practical Law
A form of Section 255 affidavit for use in a mortgage loan transaction in New York that includes a consolidation, extension, and modification agreement (CEMA). This Standard Document is used to claim an exemption from mortgage recording taxes under Section 255 of the New York Tax Law. This Standard Document has integrated notes with important explanations and drafting tips.