§ 35.327. Procedure when entitlement to money held in escrow is disputed.
If a dispute arises between the parties to a real estate transaction over entitlement to money that is being held in escrow by a broker, the broker shall retain the money in escrow until the dispute is resolved. If resolution of the dispute appears remote without legal action, the broker may, following 30 days’ notice to the parties, petition the county court having jurisdiction in the matter to interplead the rival claimants.
Authority The provisions of this § 35.327 issued under the Real Estate Licensing and Registration Act (63 P. S. § § 455.101—455.902).
Source The provisions of this § 35.327 adopted February 24, 1989, effective February 25, 1989, 19 Pa.B. 781.
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