Or. Admin. Code § 863-050-0066

Current through Register Vol. 63, No. 12, December 1, 2024

Section 863-050-0066 - Deposits

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.

Or. Admin. Code § 863-050-0066

REC 5-1978, f. 11-15-78, ef. 1-1-79; REC 6-1984, f. 6-18-84, ef. 7-1-84; REA 10-2008, f. 12-15-08, cert. ef. 1-1-09

Stat. Auth.: ORS 696.385 & 696.541

Stats. Implemented: ORS 696.578