Senate Bill 163
Senate Bill (S)
DIGEST
Distributions from escrow accounts. Repeals a requirement that any funds that: (1) exceed $10,000 and are disbursed from an escrow account in connection with a real estate transaction; and (2) are received from a single party to the transaction; must be wired good funds. Makes a conforming amendment.
Distributions from escrow accounts. Repeals a requirement that any funds that: (1) exceed $10,000 and are disbursed from an escrow account in connection with a real estate transaction; and (2) are received from a single party to the transaction; must be wired good funds. Makes a conforming amendment.
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