LAC 46:LXVII.2719
LAC 46:LXVII.2719. Account Closing
Cite as La. Admin. Code tit. 46, pt. LXVII, § 2719
A. No sales escrow checking account, rental trust checking account, or security deposit trust checking account may be closed until such time as all deposits therein have been properly disbursed.
B. Bankruptcy and/or the revocation, suspension, or lapse of a broker license for any reason shall not be cause to close or discontinue maintenance of any sales escrow checking account, rental trust checking account, or security deposit trust checking account.