The California (SB2) Housing and Jobs Act Fee is a recording fee imposed by the Building Homes and Jobs Act to fund affordable housing in California. It is $75 per applicable document. The maximum amount that can be charged is $225, which is no more than 3 applicable documents per single transaction.
By default, LodeStar charges $75 and bundles the SB2 Recording Fee into the Mortgage Fee within Section E. Also, this fee is not applicable when there is a transfer of property so it is never applied on purchases.
LodeStar is able to itemize out the SB2 fee, as well as quote the max amount. If you would like any of these changes made to your calculator, please email firstname.lastname@example.org.