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Code · Washington · Title 64 — Real Property and Conveyances · Chapter 64.34

RCW 64.34.430

135 words·~1 min read·/wa/title-64/chapter-64-34/64-34-430·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Any deposit made in connection with the purchase or reservation of a unit from a person required to deliver a public offering statement pursuant to RCW 64.34.405
(3)shall be placed in escrow and held in this state in an escrow or trust account designated solely for that purpose by a licensed title insurance company, an attorney, a real estate broker, an independent bonded escrow company, or an institution whose accounts are insured by a governmental agency or instrumentality until:
(1)Delivered to the declarant at closing;
(2)delivered to the declarant because of purchaser's default under a contract to purchase the unit;
(3)refunded to the purchaser; or
(4)delivered to a court in connection with the filing of an interpleader action.
[ 1992 c 220 s 24 ; 1989 c 43 s 4-108.]
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