Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

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

0

Posted

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

1 Answer

0

Posted

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.