| Title |
Updating Escrow Disbursement Practices |
| Status |
Governor Signed (03/26/2025) |
| Bill Subjects |
- Financial Services & Commerce
|
| House Sponsors |
A. Boesenecker (D)
R. Weinberg (R) |
| Senate Sponsors |
M. Snyder (D) |
| House Committee |
Finance |
| Senate Committee |
Finance |
| Date Introduced |
01/08/2025 |
| AI Summary |
The bill modifies the types of funds available for immediate withdrawal in real estate transactions by:
- Limiting wire transfer funds to only those transferred through a funds-transfer system operated by the Federal Reserve
- Adding funds credited to an escrow account if the bank or financial institution confirms final settlement of the credited funds
|
| Summary |
The bill modifies the types of funds that are available for
immediate withdrawal as a matter of right in real estate transactions by:
•
Limiting wire transfer funds to only those funds that are
wired through a funds-transfer system operated by the
federal reserve; and
•
Adding funds credited to an escrow account if the bank or
financial institution holding the account confirms that there
has been final settlement of the credited funds.
|
Committee Reports
with Amendments |
|
Full Text
|
Full Text of Bill (pdf) (most recent) |
| Fiscal Notes |
Fiscal Notes (05/28/2025) (most recent)
|
| Additional Bill Documents |
Bill Documents
Including:
- Past bill versions
- Past fiscal notes
- Committee activity and documents
- Bill History
|
| Lobbyists |
Lobbyists |
| Audio |
[This feature is available by subscription.]
|
| Votes |
House and Senate Votes |
| Vote Totals |
Vote Totals by Party |
