{"data":{"id":"us/7-cfr-1789.167","jurisdiction":"us","citation":"7 CFR 1789.167","heading":"Terms and conditions of escrow agreement.","body":"Escrow Agreements between and among the Borrower, Consultant and Third-party Commercial Institution shall be in form and substance satisfactory to RUS and provide for, among other matters, the following:\n(a) Specific reference by number to the applicable contract for services;\n(b) Specific reference by number to the applicable Task Order;\n(c) Specific reference by number to the Escrow Account into which funds are to be deposited;\n(d) Invoices to specifically identify the applicable contract and Task Order(s);\n(e) Funds to be held in the Escrow Account by the escrow agent until paid to the Consultant pursuant to the government's authorization;\n(f) The Escrow Account to be closed and all remaining funds remitted to the Borrower after payment of the Final Invoice, unless otherwise directed by the government;\n(g) The government, the Consultant and the Borrower to have the right to be informed, in a timely manner and in such form as they may reasonably request, as to the status of and activity in the Escrow Account; and\n(h) The Escrow Agreement shall not be effective unless and until approved in writing by RUS.","path":["Title 7—Agriculture","Subtitle B—Regulations of the Department of Agriculture","CHAPTER XVII—RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE","PART 1789—USE OF CONSULTANTS FUNDED BY BORROWERS","Subpart B—Escrow Account Funding and Payments"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-7.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:01Z","sha256":"6383ada9d5672c1a8212a0d410899a70a77792a11b8d0349d3aebf15ec266a35","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-1789.166","next":"us/7-cfr-1789.168-1789.175"},"notice":"GroundRules: Original legal text. Not legal advice."}