Section 381.410 – Definitions.

Effective – 28 Aug 2008, 2 histories 381.410. Definitions. — As used in this section and section 381.412, the following terms mean: (1) “Cashier’s check”, a check, however labeled, drawn on the financial institution, which is signed only by an officer or employee of such institution, is a direct obligation of such institution, and is […]

Section 381.412 – Settlement agents, accepting funds, exemption — title insurer, deposit of funds — violation, fine.

Effective – 10 Jun 2008, 2 histories 381.412. Settlement agents, accepting funds, exemption — title insurer, deposit of funds — violation, fine. — 1. A settlement agent who accepts funds of more than two thousand five hundred dollars for closing a real estate transaction shall require a buyer, seller, or lender who is not a […]