I stop your phrase “cash,” as you to keyword is employed in the Area 2948
Inside 1999, new California Agencies regarding Financial institutions, in a letter to work of your own Ca Lawyer General, said their “examine one to Area 2948.5 of Municipal Password doesn’t exclude notice of accruing to the a loan prior to the intimate off escrow in the event the bank pays towards the escrow available money.” There is absolutely no question you to definitely finance disbursed thru electronic otherwise cable import try “available money.” (Select Miller Starr, Ca Home, “Escrows” 5:twenty five, at the p. 460 (second ed. 1975) [“Cash, an effective cashier’s or formal check, or a cable import away from finance might be considered as in a position funds”].)
