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Boomer,a New York State Resident,is Selling His New York Home

Question 110

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Boomer,a New York State resident,is selling his New York home.His mortgage,held by a California bank,must be paid in full.Since interest accrues at almost $50 per day until the payoff is received,he wants to get the money to the mortgage company as quickly as possible.What UCC-authorized method of payment would be best for him to require the settlement agent to utilize?

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Boomer should require that the settlemen...

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