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i <br /> OLD REPUBLIC TITLE COMPANY <br /> _ ORDER NO. 1211005802-CG <br /> FIRST AMENDED REPORT <br /> E. In addition to existing requirements pertaining to sellers who are non-residents of. <br /> California; as a result of recent changes to Section 18662 of the Revenue and <br /> Taxation Code, in transactions closing after January 1, 2003 the buyer may then be <br /> responsible to withhold 3 1/3% of the sales price (as defined therein) from any <br /> seller, if this property is not the seller's principal residence. The statute, as <br /> modified, also provides for certain exemptions to the buyer's responsibility to <br /> withhold, which may apply. <br /> O.N. <br /> le <br /> Page 15 of 15 Pages -- <br /> ORT 31.58-R <br />