La. Admin. Code tit. 46 § LXVII-2709
Current through Register Vol. 50, No. 11, November 20, 2024
Section LXVII-2709 - Additional AccountsA. Where the interest of the principal parties to a transaction or series of transactions would be served thereby, and with the prior written consent of the principal parties, a broker or non-resident broker may open an additional sales escrow checking account, rental trust checking account or security deposit trust checking account, as prescribed in §2701 of this Chapter, and shall deposit therein all funds received in trust on behalf of the parties to the transaction or series of transactions.La. Admin. Code tit. 46, § LXVII-2709
Promulgated by the Department of Economic Development, Real Estate Commission, LR 26:44 (January 2000), amended by the Office of the Governor, Real Estate Commission, LR 32:1452 (August 2006), repromulgated LR 37:3006 (October 2011).AUTHORITY NOTE: Promulgated in accordance with R.S. 37:1431 et seq.