§ 143-143. 50. Escrow or trust account required.
Dealers must keep buyers’ deposits in an escrow or trust account, avoid mixing other funds with them, notify the Board when the account is set up, place buyer funds into the account within three banking business days after receipt, and give buyers receipts.
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- Jurisdiction
- United States — North Carolina
- Instrument
- Act or statute
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
buyer deposits dealer compliance escrow
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§ 143-143. 50. Escrow or trust account required.
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