Escrow Company
One way to avoid escrow fraud is to use a Government Agency authorised escrow company (UK),or a State licensed escrow company (US). These companies are regulated by national or state authorities and must undergo constant scrutiny, and hold funds in bank accounts fully protected by law or have bonds that ensure customers can recoup money lost in the escrow process. The validity of an online escrow company's license can be checked with the regulating authority. Usually this is accessible through their official website, and should always be checked before dealing with an escrow company to ensure it is not a look-alike or fraud. Not all escrow agreements impose the duties of a legal trustee on the escrow agent, and in many such agreements, escrow agents are held to a mere gross negligence standard and benefit from indemnity and hold harmless provisions. If the escrow agent is licensed by governmental authority, then much higher legal standards may apply.
Escrow Company
Escrow Company
Escrow Company
Escrow Company
Escrow Company
Escrow Company
Escrow Company
Escrow Company
No comments:
Post a Comment