What Are The Limits for an Earnest Deposit?

What Are The Limits for an Earnest Deposit?

In order to comply with state law, and ensure that funds are available for closing, an earnest deposit made via personal check or eCheck must be:
  1. Under $2,500
    1. - OR -
  2. Delivered ten or more days prior to closing
Earnest Deposits made via wire transfer or certified checks can be for any amount.

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