§ 734.21. Escrow account
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 63 P.S. Professions and Occupations (State Licensed)Effective: September 19, 2016
Effective: September 19, 2016
63 P.S. § 734.21
§ 734.21. Escrow account
Every licensee and registrant shall promptly deposit moneys, received from the sale of property, belonging to others in a separate custodial or trust fund account maintained by the licensee or registrant until the transaction involved is terminated, at which time the licensee or registrant shall account for the full amount received. Such moneys received by a licensee or registrant working for an auction company or trading assistant company shall be promptly turned over to such company for deposit and accounting.
Credits
1983, Dec. 22, P.L. 327, No. 85, § 21, effective Jan. 1, 1984. Amended 2008, Oct. 8, P.L. 1080, No. 89, § 6, effective in 60 days [Dec. 8, 2008]; 2016, July 20, P.L. 789, No. 88, § 15, effective in 60 days [Sept. 19, 2016].
63 P.S. § 734.21, PA ST 63 P.S. § 734.21
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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