N.D. Cent. Code § 47-34-02.1: Acceptance of funds by closing agents
Where this section sits in the code
- Title 47 Property
- Chapter 47-34 Real Estate Transaction Good Funds
1.At or prior to closing, a closing agent may accept a cashier's check for loan funds, if that check is delivered to the closing agent by a local issuing bank, savings and loan association, credit union, or savings bank, located in the same county as the closing agent or in a contiguous county.
2.The closing agent shall deposit the cashier's check in the agent's escrow account with a local financial institution that makes the funds available for immediate withdrawal, prior to the disbursement of funds.
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