52 Pa. Code § 1029.15

Current through Register Vol. 54, No. 45, November 9, 2024
Section 1029.15 - Duty to deposit money belonging to another into escrow account

A broker shall deposit money that the broker receives belonging to another into an escrow account in a Federally- or State-insured bank or depository to be held pending consummation of the sale of rights subject to the act or a prior termination thereof that does not involve a dispute between the parties to the sale, at which time the broker shall pay over the full amount to the party entitled to receive it.

52 Pa. Code § 1029.15