Escrow & Title
A Virginia settlement agent's legal duty of 'good funds' means they must:
AAccept personal checks at closing
BCollect all funds in verified, cleared form (wire transfer, certified check) before disbursing✓ Correct
CUse only cash at closing
DAccept post-dated checks
Explanation
Good funds requirements mean settlement agents must verify that all closing funds (down payment, loan proceeds, costs) have cleared before disbursing proceeds to sellers and other parties.
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