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OLD REPUBLIC TITLE COMPANY <br /> ORDER NO. 1213008707-PP <br /> E. In addition to existing requirements pertaining to sellers who are non-residents of California, <br /> as a result of recent changes to Section 18662 of the Revenue and Taxation Code, in <br /> transactions closing after January 1, 2003 the buyer may then be responsible to withhold 3 <br /> 1/3% of the sales price (as defined therein) from any seller, if this property is not the seller's <br /> principal residence. The statute, as modified, also provides for certain exemptions to the <br /> buyers responsibility to withhold, which may apply. <br /> F. Recording Date and Time: <br /> "Effective July 1, 1998 San Joaquin County Recorder/ County Clerk - James M. Johnstone <br /> has mandated a single recording time of 8:OOAM for all Title Company related transactions. <br /> The single exception to this rule are concurrent recordings with other counties with a <br /> required 24 hour notice to the San Joaquin County Recorder (Address: 24 South Hunter <br /> Street, Room 304, Stockton, CA 95202 - Telephone: 209-468-3939). Be prepared to provide <br /> Title Company name, order number(s), County of recording and government employee to <br /> contact for verification." <br /> ON <br /> JB <br /> Page 12 of 12 Pages <br /> (SRT t SR-R <br />