Missouri Laws 381.403 – Title insurance companies and agents may enter into construction escrow ..
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Licensees may:
(1) Enter into construction escrow agreements as part of their services as title insurance companies or title insurance agencies;
Terms Used In Missouri Laws 381.403
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
(2) Issue insured closing letters, if the licensee is a title insurance company.