North Carolina General Statutes 143-143.53. Accountings for escrow or trust funds
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Terms Used In North Carolina General Statutes 143-143.53
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
Upon the request of the buyer, the dealer shall provide to the buyer a written accounting of the receipts and disbursements of all escrow or trust funds upon the complete disbursement of the escrow or trust accounts. (2005-451, s. 6.)