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Arizona’s Good Funds Law

Posted by Chris on December 27, 2012
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ARS 6-834 requires that “escrow agents not disburse money from an escrow account until funds related to the transaction have been deposited and available.” The legislation specifies which forms of payments are acceptable for deposit. All availability dates are based on funds deposited into the title company’s bank, and are considered business days. A business day is defined as a calendar day other than Saturday or Sunday, and also excluding most major holidays. Continue Reading

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