Good Funds in New Jersey
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Wet or Dry Settlement
Good funds means: (1) Cash; (2) Electronic wire transfer; (3) Certified, cashier's, teller's or bank check; (4) A NJ licensed attorney's trust account check or a trust or escrow account check from a NJ licensed insurance producer. NJ Stat. Ann. 17:46B-10.1b.
Must have good funds at or before closing.
Exceptions to Requirements
Up to $1,000 can be disbursed from other than good funds. NJ Stat. Ann. 17:46B-10.1b.