Oregon Administrative Rules
Chapter 863 - REAL ESTATE AGENCY
Division 50 - ESCROW AND ESCROW AGENT REGULATIONS
Section 863-050-0066 - Deposits
Universal Citation: OR Admin Rules 863-050-0066
Current through Register Vol. 63, No. 9, September 1, 2024
An escrow agent must deposit all checks or cash received in escrow into the agent's escrow trust account established under ORS 696.578 no later than the close of business of the banking day the day after the agent receives the checks or cash. This requirement does not apply to checks received from a lender who requires that the checks not be deposited until an escrow is ready to close.
Stat. Auth.: ORS 696.385 & 696.541
Stats. Implemented: ORS 696.578
Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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