Wis. Admin. Code Department of Financial Institutions DFI-Bkg 42.05
Current through October 28, 2024
If a licensee requires or permits funds to be placed in escrow until some future occurrence, such as repair or completion escrows, and the parties request that the licensee hold these funds, a written agreement to that effect shall be prepared by the parties or an attorney. If the licensee holds these funds, the licensee shall place the funds in the licensee's trust account.
Wis. Admin. Code Department of Financial Institutions DFI-Bkg 42.05