Mortgage Registry Tax and Federal Government Agencies

Mortgages given, or being concurrently assigned, to the following federal agencies are not subject to Mortgage Registry Tax due to federal preemption.  

• Farm Service Agency
• Federal Financing Bank
• Federal Home Loan Mortgage Corporation (“Freddie Mac”)
• Federal National Mortgage Association (“Fannie Mae”)
• Government National Mortgage Association (“Ginnie Mae”)
• Commodity Credit Corporation
• National Consumer Cooperative Bank
• USDA Rural Housing Service mortgage that secures a Section 502, 504, 514, 516 or Rural Rental Housing Preservation Direct Loan
• USDA Rural Utilities Service (RUS) — Note: Mortgage Registry Tax would be due on the portion of the debt secured by non-exempt participating lenders
• U.S. Small Business Administration (SBA)
  • Certified Development Companies SBA 504 Mortgages that are assigned to the United States
    • Siouxland Economic Development Corporation 
    • Dakota Business Finance
    • Lake Agassiz Development Group 
    • Dakota Business Lending 
    • WBD, Inc.
    • Twin City-Metro Certified Development Company
    • Southeastern Minnesota 504 Development, Inc.
    • SPEDCO
    • Prairieland Economic Development Corporation
    • Minnesota Business Finance Corporation
    • Central Minnesota Development Company
• Farm Credit Bank
  • Agribank, FCB
• Federal Land Bank Associations
  • Compeer Financial, FLCA
  • Ag Country Farm Credit Services, FLCA
  • Farm Credit Services of America, FLCA
  • United FCS, FLCA
  • AgWest Farm Credit, FLCA