Md. Code Regs. 09.11.01.06
Current through Register Vol. 51, No. 12, June 14, 2024
If a licensee has custody or possession of money belonging to others, in the absence of proper written instructions from the parties involved in the transaction to the contrary, they shall be deposited and retained in a non-interest-bearing escrow account clearly designated as containing funds held for others.
Md. Code Regs. 09.11.01.06
Regulation .06 amended effective February 19, 1975 (2:4 Md. R. 227); repealed effective October 26, 1981 (8:21 Md. R. 1706)
Regulation .06 adopted effective October 7, 1985 (12:20 Md. R. 1925); amended and recodified from .07 effective 44:8 Md. R. 401, eff. 7/1/2017