Earnest money checks must be deposited no later than which day following notice of acceptance?

• A. The Next Business Day
• B. The 10th Day
• C. Upon Closing
• D. The Third Business Day

Answer: (D)

Earnest money must be placed into escrow within three business days after notice of acceptance. This creates a clear, enforceable timeframe so the buyer’s commitment is demonstrated and the funds are securely held as the transaction progresses. The count starts the day after notice of acceptance and excludes weekends and holidays; if the third day falls on a non‑business day, you deposit by the next business day. Depositing closer to closing would defeat the purpose of showing earnest intent and securing the contract early. The other options don’t fit because they either rush the deposit, delay it until closing, or miss the standard three‑business‑day window.