Escrow & Title
A 'good funds' requirement in Mississippi real estate closings means:
AOnly cash may be used at closing
BClosing funds must be received in cleared, available funds (wire transfer or certified check) before disbursement✓ Correct
CThe buyer must prove they have sufficient savings
DAll checks must be certified by two banks
Explanation
Good funds laws require that closing funds be received in a form that ensures immediate availability—such as wire transfers or certified/cashier's checks—before the closing agent disburses any proceeds or records the deed.
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