How to Meet the New Earnest Money Deadline

June 15, 2018

The One to Four Family Residential Contract (Resale) (TAR 1601, TREC 20-14) now has a strict three-day deadline to deliver earnest money. Unlike other deadlines in the contract, though, if the deadline falls on a weekend or legal holiday, the deadline is extended to the next business day. Here are three scenarios that show how to determine the earnest money deadline.

 

 

 

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