Good Funds in New Jersey

Sources

==Wet or Dry Settlement==Wet==Definition==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.==Requirements==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.==Cross-References==

• New Jersey
• Good Funds