§ 41-4. Disposition of security.

A. 

Upon transfer of title of the home to the vendee, the bond posted pursuant to § 41-2 shall be released, and any funds held in escrow pursuant to § 41-3, together with interest accumulated thereon, shall become the property of the vendor, unless otherwise agreed between the vendor and vendee.

B. 

Upon default by the vendor, the vendee may demand return of his deposit or deposits from the vendor. If the vendor has placed the deposit or deposits in an escrow account pursuant to § 41-3, he shall physically transfer the account to the vendee within 14 business days after the day on which said demand was made. If the vendor has posted a bond pursuant to § 41-2, the vendee may initiate action for payment thereon if his deposit or deposits have not been paid to such vendee within 14 business days after the day in which said demand was made.