Form D-162 Escrow Agreement - Washington

What Is Form D-162?

This is a legal form that was released by the Washington State Office of Superintendent of Public Instruction - a government authority operating within Washington. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form D-162?
A: Form D-162 is an Escrow Agreement specific to Washington.

Q: What is an Escrow Agreement?
A: An Escrow Agreement is a legal document that outlines the terms and conditions of the escrow arrangement.

Q: What is an escrow arrangement?
A: An escrow arrangement is a financial arrangement where a third party holds funds or assets on behalf of two or more parties until certain conditions are met.

Q: What is the purpose of Form D-162?
A: The purpose of Form D-162 is to establish an escrow arrangement and define the rights and responsibilities of the parties involved.

Q: Who are the parties involved in an Escrow Agreement?
A: The parties involved in an Escrow Agreement are typically the buyer, the seller, and the escrow agent.

Q: What are the key provisions covered in Form D-162?
A: Form D-162 covers provisions such as the escrow agent's duties, release of escrowed funds or assets, dispute resolution, and termination of the escrow agreement.

Q: Is Form D-162 specific to the state of Washington?
A: Yes, Form D-162 is specific to Washington. Other states may have their own specific forms for escrow agreements.

Q: Do I need an attorney to complete Form D-162?
A: While it is not required to have an attorney, it is recommended to seek legal advice when dealing with legal documents like Form D-162.

Q: How do I execute Form D-162?
A: Form D-162 should be signed by all parties involved in the escrow agreement in order to make it legally binding.