SB 1009 - Loudon, John
Modifies the current legal requirement that funds conveyed to settlement agents in real estate closings be certified funds
Bill Details
Sponsor
LR Number
4647S.04T
Title
SCS SB 1009
House Handler
Journal Page
N/A
Effective Date
Emergency Clause
Current Status
Signed by Governor
Quick Links
Amendments
No amendments available
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