11 Oct Document Preparation Fee Update 2016
The U.S. Department of Labor (“DOL”) announced on January 20, 2016, the Urban Consumer Price Index (“CPI-U”) increase over the past 12 months. Based on a CPI-U increase of 0.7% for the period December 2014 to December 2015, the Maximum Permissible Document Preparation Fee for 2016 Allowed in Pennsylvania is increased by $1 in both the electronic and paper document preparation categories to:
- $135 for electronic document preparation work. In other words, a licensed Dealer that has an Agent Contract with PennDOT and that provides electronic transaction services for document preparation may impose a maximum charge of $135 for such work.
- $114 for paper document preparation work. In other words, a licensed Dealer licensed dealer that has an Agent Contract with PennDOT and that does not provide electronic transaction services but instead provides paper transaction work for document preparation may impose a maximum charge of $114 for such work.
FOR MORE INFORMATION including a Question and Answer document and webinar on this subject, MEMBERS should check for our Email Blasts or contact the PIADA Chapter of this Association for details.