

Changes in the Good Funds Law
Effective September 29, 2017! By Lorie Garland, Ohio REALTORS Assistant Vice President of Legal Services Ohio’s Good Funds Law defines the type of funds that can be accepted by an escrow or closing agent in a residential real estate transaction to ensure that the funds are actually in the possession of the closing or escrow agent prior to disbursement. Twenty years after enactment, changes were made to the Good Funds Law on April 6, 2017. Concerns with some of those changes p