Answer: D. A deposit receipt is not required to contain any of these clauses.
An earnest money deposit is usually paid to a title company, escrow company, or real estate brokerage when an offer is made to buy a home. This entity prepares a deposit receipt to prove that the buyer actually handed over the earnest money deposit.
The trend today is for the title company and/or escrow officer to issue the deposit receipt. It is generally issued after the buyer's earnest money deposit has been deposited into the title or escrow company's bank account.
This receipt might typically contain information like:
The name of the title company
The address of title company
The name of title company's bank
The title company's bank account number
The receipt number
The escrow number
The property address
The date of deposit
The name of the person who received the receipt
The amount of the deposit
Name(s) of the payor, who is usually the buyer
A copy of the original check
