Cx14885 is a duplicate of official Indiana State Form 51781 available on the Indiana Department of Local Government Finance site (http://www.in.gov/dlgf/8516.htm#Deductions). This form is required to be provided to customers, in connection with first lien purchase money mortgage transactions (or refinancing transactions) secured by a single family residence, or consumer loans secured by an interest in land, by closing agents or lenders under Ind. Code Ann. §§ 6-1.1-12-43 & 24-4.5-3-701. The form discloses to the borrowers deductions and credits which may apply to property taxes, ranging from the standard homestead deduction to a deduction for being a World War I veteran.
This form was recently updated and, as a result, we will be updating Cx14885 to match the latest version of the form. We would like to remind clients that this form MUST be printed on gold or yellow paper in order to be in compliance with state law.
Since this is a model form update that involves no fields or configuration changes, this change will take effect on March 1, 2014. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.
February 28, 2014
DR 149213
Update:
The Indiana Department of Local Government Finance has posted yet another revision of their Indiana State Form 51781, which is our cx14885. The revision involves no fields or configuration changes, but does modify language and dates concerning when certain applications need to be completed/signed and filed. In addition, the note on the last page regarding members of the armed forces now includes the following sentence: “Effective July 1, 2014, active military personnel transferred to a location outside of Indiana may be able to retain their homestead deduction during their absence.” These changes will be made available immediately.
July 28, 2014
DR 125432