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What is the penalty of I allow my escrow account to be swept into an account that does not comply with §626.8473?

April 26, 2017account comply escrow penalty swept

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What is the penalty of I allow my escrow account to be swept into an account that does not comply with §626.8473?

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If the escrow funds being moved are greater than $300, the transfer may be considered a felony crime and punishable as provided in §775.082, 775.083, or 775.084, depending on the total amount of funds involved.