Nevada Administrative Code (Last Updated: January 6, 2015)

NAC645A.240. Disposition of money deposited in escrow.

Latest version.

Except as otherwise provided in any written escrow instructions or an escrow agreement, each escrow agent or agency shall:

1. Hold all money deposited in escrow with the agent or agency in trust for the person on whose behalf the deposit is made; and

2. Upon the request of the person on whose behalf the deposit was made, return all money deposited in escrow with the agent or agency.

(Added to NAC by Comm’r of Mortgage Lending by R086-04, eff. 8-25-2004)—(Substituted in revision for NAC 645A.020)

                    
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