What Is the Role of an Escrow Agent in a Transaction?

Written By Security Bank (Administrator)

Updated at July 24th, 2020

The Escrow Agent acts merely as a depository of the funds and is tasked merely with ministerial functions specified under the agreement. The Escrow Agent is under no obligation to determine the performance or non-performance of any term or condition of any other agreement that may be executed between the parties. 

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