Difference between revisions of "Good Funds in Maine"
Davidjenkins (talk | contribs) (Created page with "=Overview= * Me. Rev. Stat. tit. 33, § 522 et seq. =Cross-References= * Maine") |
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* [[Maine]] | * [[Maine]] | ||
| + | ==Overview== | ||
| + | ==Sources== | ||
| + | ==Wet or Dry Settlement==Wet==Definition==The lender must disburse loan proceeds to the settlement agent in one or more of the following forms: | ||
| + | (1) Cash; | ||
| + | (2) Wired funds or electronic transfer; | ||
| + | (3) Certified check; | ||
| + | (4) Checks issued by a governmental entity or instrumentality; | ||
| + | (5) Cashiers check, tellers check, or any transfer of funds by check or otherwise that is finally collected and unconditionally available to the settlement agent; | ||
| + | (6) Checks or other drafts drawn by a state-chartered or federally chartered financial institution; | ||
| + | (7) Checks or other drafts drawn by a state-chartered or federally chartered credit union; or | ||
| + | (8) Checks issued by an insurance company licensed and regulated by the Bureau of Insurance. 33 ME Rev. Stat. 522(1).==Requirements==Must have good funds at or before closing.===Exceptions to Requirements===N/A==Cross-References== | ||
| + | * [[Maine]] | ||
| + | * [[Good Funds]] | ||
Revision as of 06:33, 4 September 2018
Overview
- Me. Rev. Stat. tit. 33, § 522 et seq.
Cross-References
Overview
Sources
==Wet or Dry Settlement==Wet==Definition==The lender must disburse loan proceeds to the settlement agent in one or more of the following forms: (1) Cash; (2) Wired funds or electronic transfer; (3) Certified check; (4) Checks issued by a governmental entity or instrumentality; (5) Cashiers check, tellers check, or any transfer of funds by check or otherwise that is finally collected and unconditionally available to the settlement agent; (6) Checks or other drafts drawn by a state-chartered or federally chartered financial institution; (7) Checks or other drafts drawn by a state-chartered or federally chartered credit union; or (8) Checks issued by an insurance company licensed and regulated by the Bureau of Insurance. 33 ME Rev. Stat. 522(1).==Requirements==Must have good funds at or before closing.===Exceptions to Requirements===N/A==Cross-References==
