A new paragraph referring to the Fair Appraisal Act Addendum (C.A.R. Form FAAA) is being added to each of the purchase agreements in the appraisal paragraph (8B(3) in the RPA). The only exception is that since the NCPA does not have an appraisal contingency, the new language referring to the addendum was instead added to paragraph 4U in the grid in that form. The FAAA form will be bundled with all the applicable purchase agreements.
Revised June 2022