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
