228646, 61J2-14.008 - Florida Administrative Rules, Law, Code, Register

Home

Florida Department of State and Division of Library and Information Services

Notice: 228646

Notice of Proposed Rule

Department:

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION

Division:

Florida Real Estate Commission

Chapter:

FUNDS ENTRUSTED TO BROKERS - DEPOSITS AND ESCROWS

Overview

RULE:

61J2-14.008

Definitions

PURPOSE:

The purpose of the rule is to require documentation on the sales contract and documentation of the deposit, when escrow funds are placed with a title company or an Attorney.

SUMMARY:

When escrow funds are placed with an Attorney or title company, the rule requires identification on the sales contact of the escrow holder, with address, as well as documentation to verify the deposit was made.

RULEMAKING AUTHORITY:

475.05 FS.

LAW:

475.25(1)(k) FS.

PRINT PUBLISH DATE:

4/7/2006 Vol. 32/14

COMMENTS:

From 4/7/2006 To 4/28/2006 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

Under Florida law, E-mail addresses are public records. If you do not want your E-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.