Davidjenkins: CSV import

2018-09-04T13:47:29Z

CSV import

Davidjenkins: CSV import

2018-09-04T13:12:06Z

CSV import

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==Overview==
==Sources==
==Wet or Dry Settlement==Dry==Definition==An escrow agent shall not disburse money from an escrow account on the same business day as the money is deposited unless the deposit is made in one of the following forms:
(a) Cash;
(b) Interbank electronic transfer such that the money deposited is available for immediate withdrawal without condition and payable in U.S. currency;
(c) Negotiable order of withdrawal, money order, cashier's check or certified check which is drawn from a financial institution authorized to do business in Nevada;
(d) Any depository check, including any cashier's check or teller's check, that is governed by the Expedited Funds Availability Act, 12 U.S.C. §§4001 et seq.; or
(e) Any other form that permits conversion of the deposit to cash on the same day as the deposit is made. Nev. Rev. Stat. 645A.171(2).==Requirements==The Commissioner has taken the position that closing the escrow in a transaction where the funds are not in fact available in the escrow account is equivalent to embezzlement by the closing agent.===Exceptions to Requirements===N/A==Cross-References==
* [[Nevada]]
* [[Good Funds]]

@@ Line 1: / Line 1: @@
 ==Overview==
 ==Sources==
-==Wet or Dry Settlement==Dry==Definition==An escrow agent shall not disburse money from an escrow account on the same business day as the money is deposited unless the deposit is made in one of the following forms:
+==Wet or Dry Settlement==
 (a)  Cash;
 (b)  Interbank electronic transfer such that the money deposited is available for immediate withdrawal without condition and payable in U.S. currency;
 (c)  Negotiable order of withdrawal, money order, cashier's check or certified check which is drawn from a financial institution authorized to do business in Nevada;
-(d)  Any depository check, including any cashier's check or teller's check, that is governed by the Expedited Funds Availability Act, 12 U.S.C. §§4001 et seq.; or
+(d)  Any depository check, including any cashier's check or teller's check, that is governed by the Expedited Funds Availability Act, 12 U.S.C. ??4001 et seq.; or
-(e)  Any other form that permits conversion of the deposit to cash on the same day as the deposit is made.  Nev. Rev. Stat. 645A.171(2).==Requirements==The Commissioner has taken the position that closing the escrow in a transaction where the funds are not in fact available in the escrow account is equivalent to embezzlement by the closing agent.===Exceptions to Requirements===N/A==Cross-References==
+(e)  Any other form that permits conversion of the deposit to cash on the same day as the deposit is made.  Nev. Rev. Stat. 645A.171(2).
 * [[Nevada]]
 * [[Good Funds]]

Good Funds in Nevada - Revision history

Davidjenkins: CSV import

Davidjenkins: CSV import