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