Section 34.80.020. Segregation and deposit of escrow money.

Latest version.

   (a) A settlement agent shall segregate on the records of the settlement agent the escrow money from one escrow transaction from all other money, including the escrow money of other escrow transactions. Escrow money from more than one escrow transaction may be deposited into a single depository escrow account.
   (b) A settlement agent shall deposit escrow money in a depository escrow account of a financial institution located in this state.

Authorities

34.80.040

Notes

References

AS 34.80.040 Disbursement of escrow money.

History

(Sec. 3 ch 30 SLA 1999)

                    
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