In relation to documentary stamps, how much is charged for stamps on new and assumed notes?

The correct charge for documentary stamps on new and assumed notes is $.35 per $100. Documentary stamps are typically applied to various financial documents, including notes that require formal documentation. This fee is set by relevant regulations and is designed to help cover the costs associated with recording these financial transactions.

Knowing the correct fee is crucial for anyone involved in real estate or financial transactions, as it ensures compliance with state laws and helps in accurately calculating the total costs involved in a deal. Understanding these rates can also assist in providing clarity to clients concerning their overall expenses when dealing with loans or mortgages.