(a) No person, firm or corporation acting in the capacity of an escrow agent in any real estate transaction involving the bona fide sale or conveyance of any interest in a dwelling structure, commercial building structure or other building or land upon which such buildings are located in the Village, shall file for record an instrument to transfer title thereto or disburse any funds from such sale unless the provisions of this chapter have been satisfied including, but not limited to, the specific provisions of Section 1311.05.
(b) Any funds deposited in escrow for the cost of correcting Code violations shall only be released by the escrow agent upon presentation to it by a party to the escrow agreement of a Certificate of Compliance that all code violations have been corrected, which certificate shall be issued by the Building Inspector of the Village.
(Ord. 1991-07. Passed 4-17-91.)