Full Consideration Statement
Full Consideration Statement
Listed below are four statements, pick the appropriate statement and type it on your deed or contract for deed and make sure it is signed and dated by the grantee or agent for the grantee.
1. I certify that a report of full consideration paid for the property described in this deed has been filed with the North Dakota State Board of Equalization.
Signed: ______________Date:______
Grantee or Agent
2. I certify that a report of full consideration paid for the property described in this deed has been file with County Recorder.
Signed: _______________Date:______
Grantee or Agent
3. I certify that the full consideration paid for the property described in
this deed is $_______________.
Signed:______________ Date:______
Grantee or Agent
4. I certify that the requirement for a report or statement of full consideration paid not apply because this deed is for one of the transactions exempted by subdivision_____ of N.D.C.C. 11-18-02.2(7)
Signed: _______________Date:_____
Grantee or Agent
If you choose number four you will have to pick one of the following and put the letter in the blank.
A. Property owned or used by public utilities.
B. Property classified as personal property.
C. A sale when the grantor and the grantee are of the same family or corporate affiliate, if known.
D. A sale which resulted as a settlement of an estate.
E. All sales to or from a government or governmental agency.
F. All forced sales, mortgage foreclosures, and tax sales.
G. All sales to or from religious, charitable, or nonprofit organizations.
H. All sales when there is an indicated change of use by the new owners.
I. All transfer of ownership of property for which is given a quitclaim deed.
J. Sales of property not assessable by law.
K. Agricultural lands of less than eighty acres (32.37 hectares).
L. A transfer that is pursuant to a judgment.
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