Funding of Loans at Real Estate Closings

The funds provided by a mortgagee to fund a loan secured by real estate at a real estate closing shall be in the form of: I. Cash; II. Wired funds or electronic transfer; III. Certified check; IV. Checks issued by a governmental entity or instrumentality; V. Any transfer of funds by check or otherwise that are finally collected and unconditionally available to the settlement agent; VI. Checks or other drafts drawn by a state-chartered or federally-chartered financial institution; VII. Checks or other drafts drawn by a state-chartered or federally-chartered credit union; VIII. Checks issued by an insurance company licensed and regulated by the department of insurance; or IX. Cashier's check, teller's check, or treasurer's check.