Escrow & Title
In Ohio, the term 'good funds' law requires that:
AEarnest money must be in cash only
BAll closing funds must be in the form of immediately available (verified) funds such as wire transfers or cashier's checks✓ Correct
CBuyers must provide funds 10 days before closing
DSellers must verify buyer funds before accepting an offer
Explanation
Ohio's good funds law requires that all closing funds be in immediately available form (wire transfer, cashier's check, or certified check) — not personal checks — to ensure the closing can be completed without funds clearing delays.
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