La. Admin. Code tit. 46 § LXVII-2719
Current through Register Vol. 50, No. 12, December 20, 2024
Section LXVII-2719 - Account ClosingA. No sales escrow checking account, rental trust checking account, or security deposit trust checking account may be closed until such time as all deposits therein have been properly disbursed.B. Bankruptcy and/or the revocation, suspension, or lapse of a broker license for any reason shall not be cause to close or discontinue maintenance of any sales escrow checking account, rental trust checking account, or security deposit trust checking account.La. Admin. Code tit. 46, § LXVII-2719
Promulgated by the Department of Economic Development, Real Estate Commission, LR 26:45 (January 2000), amended by the Office of the Governor, Real Estate Commission, LR 32:1453 (August 2006), repromulgated, LR 37:3006 (October 2011).AUTHORITY NOTE: Promulgated in accordance with R.S. 37:1431 et seq.