Escrow regulations

In 2012, the Real Estate Finance Bureau 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.  View the following memorandum explaining these changes; model language for offering plans, amendments, purchase agreements, and escrow agreements; and unofficial versions of the revised regulations.

Regulations concerning escrowed funds

• NYCRR title 13 section 18.3 
• NYCRR title 13 section 20.3 
• NYCRR title 13 section 21.3 
• NYCRR title 13 section 22.3 
• NYCRR title 13 section 23.3 
• NYCRR title 13 section 24.3 
• NYCRR title 13 section 25.3