Here is the form that you are speaking of. Note the language in the middle:
Note: The dollar amount to be inserted in the amendatory caluse is the sales price as stated in the contract. If the borrower and seller agree to adjust the sales price in response to an appraised value that is less than the sales price, a new amendatory clause is not required. However, the loan application package must include the original sales contract with the same price as shown on the amendatory clause, along with the revised or amended sales contract.
So, it appears that a new form is not required so long as a copy of the original sales contract [the one including the 720 price and a copy of the amended contract [the one including the 715 price] are both included included in the loan application package.
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