When escrow is deposited with a title company or an attorney, what information must be indicated on the contract?

• A. the name, address & phone number of escrow holder
• B. the escrow amount
• C. the escrow holder's license number
• D. the date escrow was opened

Answer: (A)

When funds are placed in escrow with a title company or attorney, the contract must clearly identify who is holding the funds and how to contact them. The name, address, and phone number of the escrow holder provide a definite, traceable point of contact so all parties know exactly where the funds are and who to reach for instructions or releases. This clarity helps ensure proper handling and timely communication throughout the transaction. The other details—escrow amount, the license number, or the date escrow was opened—do not establish the responsible party or a direct line of contact on the contract, so they’re not the essential information required in this context.