50 Ill. Adm. Code 8100.1744
Transfers Between Escrows
Section 8100
Section 8100.1744 Transfers
Between Escrows
Transfers of funds between
escrows may not be accomplished by the making of book entries alone, but must
be accomplished by the actual writing of a check from one escrow to the other,
and by the depositing of such check for the account of, and the writing of a
receipt for, the escrow to which the funds are being transferred. Such
transfers must also be properly supported and documented in the escrow files by
inclusion of the reasons for, and the appropriate approval of, the transfer.