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FUNDING POLICY:

INCOMING & OUTGOING FUNDS

INCOMING FUNDS TO MCMANAMY JACKSON HOLLIS

HOW TO WIRE FUNDS TO MCMANAMY JACKSON HOLLIS

RECEIVING FUNDS FROM MCMANAMY JACKSON HOLLIS

​Pursuant to O.C.G.A. 44-14-13, all funds exceeding the sum of $5,000.00 brought to a real estate closing must be in the form of wire transfer. For amounts between $1,000 and $5,000 a certified check from a known financial institution will be accepted. For amounts less than $1,000.00, you may write a personal check.  All checks must be payable to McManamy Jackson Hollis, LLC. Third party checks cannot be accepted.

  • Contact your financial institution well in advance of closing to determine the requirements to initiate a wire on your behalf.  Policies vary, so be sure you know what to do and when to do it.  Provide them with the McManamy Jackson Hollis Wire Instructions.

  • Due to the significant increase in cyber crimes, our firm for the protection of its clients will only provide our wiring instructions in the following ways: (1) in person (2) published in the MJH Live Portal (3) via secure encrypted email.

  • Always call our office to verify the wire instructions you have received from our firm prior to initiating the transfer.

  • Be sure your financial institution at the time of wiring is processing the transaction as a Wire Transfer and not an ACH transfer. ACH transfers are prohibited.

  • Obtain written confirmation of your request.

  • Provide a copy of the confirmation to the closing attorney's office.

Any client or vendor receiving funds arising from a real estate transaction should be mindful of the following:

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  • Funds can only be released when all conditions of the transaction have been met. 

  • Lenders providing funding on behalf of a buyer will often have funding conditions that must be met prior to and after signing in order to approve the release of funds.

  • Client's receiving funds from closing proceeds will receive a check drawn from a Real Estate Interest On Lawyers Trust Account (IOLTA).

  • McManamy Jackson will, at the request of its clients, and for an additional cost wire funds for its clients.  Clients should arrange for the wiring of funds with our firm in advance of closing.  Our firm will only wire funds if the following conditions have been met:

  • Completion of the "Outgoing Wire Request" form provided by our office.

  • Completed wire request forms should be submitted to our office via in person, secure encrypted email, or by submitting within the MJH PORTAL.

  • Our office will call to verbally confirm the instructions provided.

IMPORTANT NOTICE:  The above referenced policies are for the protection of all the parties due to the rising threats of wire fraud and other cyber threats. 

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