Escrow Agent

A third party who agrees to hold funds or assets in escrow. The escrow agent provides this service to two parties in a transaction until certain conditions are filled. The escrow agent holds the assets until the transaction is finalized and then gives them to the appropriate party. See also: Bulk sales escrow.

Escrow agent.

An escrow agent is the person or group that holds certain of your assets in an escrow account while you negotiate the final terms of a contract.

For example, if you are buying a home, the escrow agent would hold the down payment you make when your offer is accepted until the purchase is finalized.

escrow agent

A person or firm who agrees to hold funds for others and disburse them according to lawful instructions.

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References in periodicals archive

In view of the regulatory scheme, the trial court reasonably found that a certificate of insurance coverage for an escrow agent is a written instrument, the alteration of which supports a forgery charge because it is a public record with legal efficacy.

Forge a Certificate of Insurance--Guilty of Crime: Certificate of Insurance Has Legal Efficacy

The buyer sends it to the lender, title company or escrow agent, who holds it in preparation for the closing and filing--the security agreement is filed with the FAA to record a lien on the airplane in favor of the lender.

Aircraft finance: getting the right loan: before you select the airplane, get the loan approved so you can close the deal fast when you find what you want. An aircraft finance broker can smooth the way

In the following Sections, we will discuss design issues (including more detail on triggering events, interim reporting, and matching criteria) and legal issues (including the legal relationship between the escrow agent and the escrow depositors, and what duties, if any, are owed to the accused).

Information escrows

Given the size of this escrow and its visibility, it became clear that the closing agent could not serve as the escrow agent and that an official-sector institution was needed.

Complexities of addressing interest arrears in a Brady transaction: the case of the Republic of Argentina 1992 financing plan

And even under federal law, such exchanges have to go through an escrow agent, to make sure that funds aren't commingled with any other.

Lynch signs 1031 exchange tax fix

If the amount of the contract is substantial, consider mitigating your risk by requiring escrow funds (can be deposited with an escrow agent or law firm) or collateral (an asset that creditors agree to allow you to have if they don't pay).

Eight ways to maximize your odds of getting paid

This bill provides that an unauthorized person may not, in connection with the purchase and sale of real property: transact business using the term "escrow" or words of similar import; or circulate, simulate, or advertise that the business is regulated as an escrow agent. These restrictions do not apply to: certain financial institutions; attorneys; persons licensed pursuant to chapter 475 (real estate brokers, sales associates, schools, and appraisers); title insurance agents licensed pursuant to s.

Consumer Protection Law

(8) When the government made the payment to the escrow agent, the DSCC set off amounts owed by CCP under unrelated contracts.

Payment and collection