1.    At or prior to closing, a closing agent may accept a cashier’s check for loan funds, if that check is delivered to the closing agent by a local issuing bank, savings and loan association, credit union, or savings bank, located in the same county as the closing agent or in a contiguous county.

contract signature

Ask a real estate law question, get an answer ASAP!
Thousands of highly rated, verified real estate lawyers.
Specialties include: All Real Estate Law, Landlord and Tenant Law, Foreclosure, Homeowners' Association, Trespassing, Property Law, General Legal and more.
Click here to chat with a lawyer about your rights.

Terms Used In North Dakota Code 47-34-02.1

  • Escrow: Money given to a third party to be held for payment until certain conditions are met.

2.    The closing agent shall deposit the cashier’s check in the agent’s escrow account with a local financial institution that makes the funds available for immediate withdrawal, prior to the disbursement of funds.

  Previous section
Next section  
 Chapter 47-34 Contents