Escrow Officer Practice Questions - State Escrow Officer License Exam (National Overview) Exam

What is 'good funds' for purposes of disbursement?

Personal checks of any amount Funds verified as collected and immediately available, such as wires and (in some states) cashier's checks Foreign currency Promissory notes

Correct Answer:

Funds verified as collected and immediately available, such as wires and (in some states) cashier's checks

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