Re: First time

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Re: First time
Posted by ArtG/KS of KS on 6/23/15 11:59am	Msg #533119

Any money movements such as this requires the financial institution to report it under Federal Structuring laws. The federal Bank Secrecy Act and the IRS Code section 60501 may apply. Generaly the movement of 10K in cash may trigger a report but not always.

Messages in this Thread
	First time - Robert Wells on 6/23/15 11:13am
	Re: First time - JAGGWIN on 6/23/15 11:36am
	Yikes! That term "cash to close" is taken literally by some - MW/VA on 6/23/15 11:56am
	Re: Yikes! That term "cash to close" is taken literally by some - Luckydog on 6/23/15 8:48pm
	Re: First time - ArtG/KS on 6/23/15 11:59am
	Re: First time - Yoli/CA on 6/23/15 12:49pm
	Re: First time - PA_Notary_II on 6/23/15 1:29pm
	Re: First time - JanetK_CA on 6/23/15 1:30pm
	agree Yoli - Luckydog on 6/23/15 8:54pm
	What do Ohio's settlement laws consider good funds? n/m - zetetic/IN on 6/23/15 2:14pm
	$40K in cash..... - notarydi/CA on 6/23/15 2:20pm
	Re: First time - walthtz on 6/23/15 2:44pm
	I wouldn't accept cash from a borrower, period... - JanetK_CA on 6/23/15 3:40pm
	Re: First time - MikeC/TX on 6/23/15 5:46pm
	Re: First time - Luckydog on 6/23/15 9:01pm
	At least in my neck of the woods, escrow and title may not - Cheryl Elliott on 6/24/15 8:12am
	Re: At least in my neck of the woods, escrow and title may not - Robert Wells on 6/24/15 10:31am

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