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Home Q & A Board Humanities Legal Studies
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Ptelwa Ptelwa
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6 years ago
With reference to 46 above, Barnes Escrow has received cash of 45,000 from Gramercy Stables for the cash closing requirements of 102,000. Gramercy pays the remaining amount of the cash due at closing through a wire transfer to Barnes from Gramercy's Bank. Barnes proceeds with the disclosure with no further action.
 A)As long as the total amount due is deposited with Barnes, Barnes has complied with its duties.
 B)The 45,000 will require a source verification under the Patriot Act.
 C)The 45,000 does not require a source verification because the majority of the funds came directly from a bank.
 D)The Patriot Act does not apply to escrow companies.
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jenellydjenellyd
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6 years ago
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6 years ago
You make an excellent tutor!
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this is exactly what I needed
husne
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This calls for a celebration Person Raising Both Hands in Celebration
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