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  Indiana Land Title Association - ILTA

The Department of Local Government Finance has made a change to the sales disclosure form in compliance with HEA 1344-2009. The new form is attached along with their memo to the Assessors and Auditor's. All sales disclosures beginning with July 1st closings are to be done on the new form. The form and memo became available today.

Memo

New SDF Form

The Changes:
  • On the bottom of the second page where the buyers sign the document there are two new things that need to be completed if the buyer(s) are filing for the Homestead Standard Deduction. They need to fill in the last 5 digits of their drivers license/ID and the last five digits of the social security number. All buyers applying for Homestead must complete the info. If neither of these numbers are available, the filer may submit an alternative number, such as the United States Permanent Resident ("A") number. A sales disclosure form cannot be rejected by the Assessor if this information is missing. However, failure to provide the information may result in the deduction not being applied to the property.

  • The second change is the addition of question 9. in the deduction area on the second page. It allows the buyer (if they pay their own tax bills) to receive their tax bills by email. If the buyer wishes to do so they can only have the bill sent to one email. If the county currently does not offer that service then they will hold the email address until such time as they can electronically email the bill to the buyer. If the buyer elects to have their tax bills emailed they must write in their name and email address.
The online form should have these new input fields available on July 1, 2009. Sales disclosures for closings that happened before July1, 2009 and we are submitting the data July 1st or after, do not have to have the new information.

The attached sales disclosure form doesn't copy real well. You can download a new copy from the DLGF forms site. It is http://www.in.gov/icpr/webfile/formsdiv/46021.pdf

 

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