63 Pa. Stat. § 734.21

Current through Pa Acts 2024-53, 2024-56 through 2024-79

Section 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.

63 P.S. § 734.21

Amended by P.L. TBD 2016 No. 88, § 15, eff. 9/18/2016.

1983, Dec. 22, P.L. 327, No. 85, § 21, effective 1/1/1984. Amended 2008, Oct. 8, P.L. 1080, No. 89, §6, effective in 60 days [ 12/8/2008].