Changes to the Ohio Good Funds Law

Posted on: March 6th, 2017 by Andrew Clark No Comments

Changes go into effect April 6, 2017

Revisions have been made to Ohio’s Good Funds Law that go into effect on April 6, 2017. The Good Funds Law applies to escrow/title agents and prescribes what funds can be accepted for disbursement at a real estate closing.  The changes to the law can affect the way you do business and how you prepare your clients for closing.

The Ohio Land Title Association has prepared a series of FAQs to help in the understanding of how the changes to the law will affect real estate transactions.

For the complete FAQ compiled by Ohio Land Title Association on Ohio’s Good Funds Law changes, click here to be taken to their website.