SB 1009
Modifies the current legal requirement that funds conveyed to settlement agents in real estate closings be certified funds
Sponsor:
LR Number:
4647S.04T
Last Action:
6/10/2008 - Signed by Governor
Journal Page:
Title:
SCS SB 1009
Calendar Position:
Effective Date:
Emergency Clause
House Handler:

Current Bill Summary

SCS/SB 1009 - This act modifies the law with respect to the requirement that funds accepted by a settlement agent be certified funds. Under this act, the certified funds requirement shall only apply when a settlement agent accepts funds greater than $2,500 in a real estate transaction.

This act has an emergency clause.

STEPHEN WITTE

Amendments