Nev. Admin. Code § 645A.240

Current through November 8, 2024

Section 645A.240 - Disposition of money deposited in escrow

Except as otherwise provided in any written escrow instructions or an escrow agreement, each escrow agent or agency shall:

1. Hold all money deposited in escrow with the agent or agency in trust for the person on whose behalf the deposit is made; and

2. Upon the request of the person on whose behalf the deposit was made, return all money deposited in escrow with the agent or agency.

Nev. Admin. Code § 645A.240

Added to NAC by Comm'r of Mortgage Lending by R086-04, eff. 8-25-2004-Substituted in revision for NAC 645A.020

NRS 645A.050