Difference between revisions of "Good Funds in Oregon"
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==Overview== | ==Overview== | ||
==Sources== | ==Sources== | ||
| − | ==Wet or Dry Settlement==Dry==Definition==Not defined by statute.==Requirements==There must exist sufficient credit in an escrow account to cover a check against which account the check is drawn, executed or dated. OR Admin. Rule 863-050-0055(1). An escrow agent may not make a disbursement from an escrow account based on the receipt of a wire or electronic transfer deposited into the account until the escrow agent has verified the deposit. OR Admin. Rule 863-050-0100(6).===Exceptions to Requirements===N/A==Cross-References== | + | ==Wet or Dry Settlement== |
| + | Dry | ||
| + | ==Definition== | ||
| + | Not defined by statute. | ||
| + | ==Requirements== | ||
| + | There must exist sufficient credit in an escrow account to cover a check against which account the check is drawn, executed or dated. OR Admin. Rule 863-050-0055(1). An escrow agent may not make a disbursement from an escrow account based on the receipt of a wire or electronic transfer deposited into the account until the escrow agent has verified the deposit. OR Admin. Rule 863-050-0100(6). | ||
| + | ===Exceptions to Requirements=== | ||
| + | N/A | ||
| + | ==Cross-References== | ||
* [[Oregon]] | * [[Oregon]] | ||
* [[Good Funds]] | * [[Good Funds]] | ||
Latest revision as of 06:49, 4 September 2018
Contents
Overview
Sources
Wet or Dry Settlement
Dry
Definition
Not defined by statute.
Requirements
There must exist sufficient credit in an escrow account to cover a check against which account the check is drawn, executed or dated. OR Admin. Rule 863-050-0055(1). An escrow agent may not make a disbursement from an escrow account based on the receipt of a wire or electronic transfer deposited into the account until the escrow agent has verified the deposit. OR Admin. Rule 863-050-0100(6).
Exceptions to Requirements
N/A
