Difference between revisions of "Good Funds in Rhode Island"
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==Overview== | ==Overview== | ||
==Sources== | ==Sources== | ||
| − | ==Wet or Dry Settlement==Wet==Definition==The disbursement must be in the form of cash, wired funds, certified check, government check, | + | ==Wet or Dry Settlement== |
| + | Wet | ||
| + | ==Definition== | ||
| + | The disbursement must be in the form of cash, wired funds, certified check, government check, teller?s check issued by a depository institution and drawn on another depository institution located in Rhode Island, cashier?s check, or another immediately available source of funds. RI Gen. Laws 19-9-10. | ||
| + | ==Requirements== | ||
| + | Must have good funds at or before closing. | ||
| + | ===Exceptions to Requirements=== | ||
| + | N/A | ||
| + | ==Cross-References== | ||
* [[Rhode Island]] | * [[Rhode Island]] | ||
* [[Good Funds]] | * [[Good Funds]] | ||
Latest revision as of 06:47, 4 September 2018
Contents
Overview
Sources
Wet or Dry Settlement
Wet
Definition
The disbursement must be in the form of cash, wired funds, certified check, government check, teller?s check issued by a depository institution and drawn on another depository institution located in Rhode Island, cashier?s check, or another immediately available source of funds. RI Gen. Laws 19-9-10.
Requirements
Must have good funds at or before closing.
Exceptions to Requirements
N/A
