A transaction coordinator in Cary is sorting out a file issue involving disputed earnest money and the clerk-of-court procedure. Which statement best applies under current North Carolina law?
Correct Answer
C) Under G.S. 93A-12, disputed earnest money may be deposited with the clerk of court in the county where the property is located after proper notice and the required waiting period.
Under G.S. 93A-12, disputed earnest money may be deposited with the clerk of court in the county where the property is located after proper notice and the required waiting period.
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