Section 645A.270 - Transfer of funds between escrow accounts1. A transfer of funds between escrow accounts may not be accomplished by the making of book entries alone but must be accomplished by:(a) The wire transfer or writing of a check from one escrow account to the other; and(b) The deposit of a check or wire transfer or other form of authorized transfer that is acceptable to the depository institution for the account of, and the writing or electronic generation of a receipt for, the escrow account to which the funds are being transferred.2. A transfer between escrow accounts must be properly supported and documented in the escrow records including, without limitation, the reasons for and the appropriate approval of the transfer.Nev. Admin. Code § 645A.270
Added to NAC by Comm'r of Mortgage Lending by R143-08, eff. 4-20-2010