SPECIAL TAR FORMS UPDATE — 9-22-15
NEWLY REVISED TAR FORMS AS OF SEPT. 21st
As of Sept. 21st, the TAR Purchase and Sale Agreements (Residential, New Construction and Lot/Land) and Notification forms have CHANGED due to the impending TRID regulations effective October 3rd. These forms will require members to use SPECIAL STIPULATIONS in cases where the loan application occurs before October 3, 2015.
The special stipulations verbiage can be referenced in form RF707, paragraphs #23, #24, #25, #26 and inserted into the following TAR forms:
RF401 – Purchase and Sale Agreement
RF403 – New Construction Purchase and Sale Agreement
RF404 – Lot / Land Purchase and Sale Agreement
RF656 – Notification Form
If you’re using TransactionDesk, you can insert these clauses into the Special Stipulations sections for each of these forms.