Shawna and Todd are ready to close on their new Hawaii home. Closing can take place when which of these occurs?
Closing funds have cleared and are available for immediate disbursement by Escrow
Shawna and Todd have requested their down payment wire transfer
The lender has cleared the loan for closing
The new deed and mortgage documents have been recorded
Hawaii's Good Funds Act states that escrow can close only when all buyer and lender funds have cleared and have been deposited (unless the parties agree otherwise).