PCOR definition
Examples of PCOR in a sentence
Buyer will provide a completed Preliminary Change of Ownership Report form ("PCOR").
If Buyer fails to provide the PCOR, Escrow Holder shall close escrow and charge Buyer any additional fee incurred for recording the documents without the PCOR.
The Company, however, shall provide the Plan Sponsor with information in its possession reasonably necessary for Plan Sponsor to calculate the PCOR fees, including information necessary for Plan Sponsor to determine the average number of lives covered under the Plan during the applicable plan year being reported.
If Buyer fails to provide the PCOR, Escrow shall close escrow and charge Buyer any additional fee incurred for recording the documents without the PCOR.
Escrow Holder assumes no liability or responsibility regarding the proper completion of the PCOR.
Forms Buyer will provide a completed Preliminary Change of Ownership Report form ("PCOR").
If Buyer fails to provide the POOR, Escrow Holder shall close escrow and charge Buyer any additional fee incurred for recording the documents without the PCOR.
Prior to the close of escrow, Buyer may hand Escrow Holder a fully completed and executed “Preliminary Change of Ownership Report” (PCOR) pursuant to the requirements of California Revenue and Taxation Code Section 480.3. Buyer may elect not to complete and execute said form prior to the close of escrow.
Escrow Holder’s sole duty shall be the delivery of the PCOR to the County Recorder at the time of recordation of transfer documents, if it is provided to Escrow Holder.
Failure to file a proper PCOR will result in additional penalties in accordance with Section 480 of the California Revenue and Taxation Code.