LEO: Escrow Account - Disbursement of Funds  LE Op. 663


Escrow Account - Disbursement of Funds - Vesting of Title -

Perfected Liens.


February 27, 1985


It would be improper for a real estate closing attorney to disburse funds

tendered to the attorney in escrow before the vesting of title in the

buyer and before the establishment of a perfected lien position with

respect to the lender. [ DR:9-102(B)(4)]


Committee Opinion February 27, 1985




See also LE Op. 751, and LE Op. 813.