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WAC 308-90-120

Trust account.

(1) The deposit trust account required by RCW 88.02.220 must be established and maintained within Washington state.
(2) The dealer's separate trust account cannot accrue interest.
(3) Any fees assessed by the depository against the trust account shall not be paid from purchasers trust funds.
[Statutory Authority: RCW 88.02.100. WSR 07-03-120, § 308-90-120, filed 1/22/07, effective 2/22/07. Statutory Authority: 1987 c 149 § 1. WSR 88-03-038 (Order DLR-162), § 308-90-120, filed 1/19/88.]
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