Why a Wire Transfer?

Have You Ever Wondered Why Closing Funds Often Must Be Wired? The Georgia Good Funds Law found at O.C.G.A. 44-14-13 states that closing funds must be “collected” funds, which means closing attorneys cannot accept checks exceeding nominal amounts. When closing, a personal or certified check may be accepted for smaller amounts, however, when amounts go over $5,000.00, …

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