Q: Is it true in Utah the title company has three days after the contract closing date to receive good funds for purchase?
If you are refinancing your home, the bank is required by law to give you 3 business days to change your mind and cancel. So the bank doesn't allow the funding to be released for 3 business days. The bank rarely will send the funds early to the title company, but they will tell them not to release the funds until the proper time.
If the transaction is between a buyer and seller, there is no reason the funds cannot be released on the date of signing by both parties.
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