What is the Good Funds Law and Why Should You Care?
Did you know there's something called the Residential Closing Funds Distribution Act of 2005 (a.k.a. the "Good Funds" Law)? The Residential Closing Funds Distribution Act of 2005 ("the Act") ensures that checks disbursed at the closing table are backed by good funds at the time of issuance and will not be dishonored when presented to [...]