Revised Escrow Regulations
The Real Estate Finance Bureau has revised its regulations concerning the retention and release of funds escrowed in connection with the sale of a cooperative interest in realty (cooperatives, condominiums, etc.) by an offeror. Click on the links below to view a memorandum explaining these changes and unofficial versions of the revised regulations.
- 12.20.2012 Subsequent Memo on Escrow Trust Fund Compliance
- Model Amendment Language
- Model Offering Plan Language
- Model Purchase Agreement Language
- Model Escrow Agreement for Escrow Compliance
Regulations Concerning Escrowed Funds