Full Consideration Statements

 

Full Consideration Statements

(EXAMPLES ONLY)

(DO NOT RECORD)

EFFECTIVE AUGUST 1, 2019

Only 1 of 2 statements for consideration will be accepted on a deed.

Listed below are the 2 kinds of statements required by North Dakota Century Code 11-18-02.2.  Pick the appropriate statement and type it on your deed.

1.  I certify that the full consideration paid for the property described in this deed is      $________________.

 

            Signed: ________________________________ Date: ____________

                         Grantee or Agent

2.  I certify that the requirement for a report or statement of full consideration paid does not apply because this deed is for one of the transactions exempted by subdivision _____ of  N.D.C.C. 11-18-02.2(6)

 

            Signed ________________________________ Date: ____________

                        Grantee or Agent

If you choose number two 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 forced sales, mortgage foreclosures, and tax sales.

F.  All sales to or from religious, charitable, or nonprofit organizations.

GAll sales when there is an indicated change of use by the new owners.

H.  All transfer of ownership of property for which is given a quitclaim deed.

I.  Sales of property not assessable by law.

J.  Agricultural lands of less than eighty acres (32.37 hectares).

K.  A transfer that is pursuant to a judgment.