Washington § 64.34.430 Escrow of deposits.(Effective until January 1, 2028.)

Washington Statutes

§ 64.34.430 — Escrow of deposits.(Effective until January 1, 2028.)

Washington § 64.34.430

Title 64REAL PROPERTY AND CONVEYANCES

Ch. 64.34CONDOMINIUM ACT

This text of Washington § 64.34.430 (Escrow of deposits.(Effective until January 1, 2028.)) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wash. Rev. Code § 64.34.430 (2026).

Text

Any deposit made in connection with the purchase or reservation of a unit from a person required to deliver a public offering statement pursuant to RCW 64.34.405 (3) shall be placed in escrow and held in this state in an escrow or trust account designated solely for that purpose by a licensed title insurance company, an attorney, a real estate broker, an independent bonded escrow company, or an institution whose accounts are insured by a governmental agency or instrumentality until:

(1)Delivered to the declarant at closing;

(2)delivered to the declarant because of purchaser's default under a contract to purchase the unit;

(3)refunded to the purchaser; or (4) delivered to a court in connection with the filing of an interpleader action.

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Any deposit made in connection with the purchase or reservation of a unit from a person required to deliver a public offering statement pursuant to RCW 64.34.405 (3) shall be placed in escrow and held in this state in an escrow or trust account designated solely for that purpose by a licensed title insurance company, an attorney, a real estate broker, an independent bonded escrow company, or an institution whose accounts are insured by a governmental agency or instrumentality until: (1) Delivered to the declarant at closing; (2) delivered to the declarant because of purchaser's default under a contract to purchase the unit; (3) refunded to the purchaser; or (4) delivered to a court in connection with the filing of an interpleader action.