21 Guam Code Ann. § 104121
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Terms Used In 21 Guam Code Ann. § 104121
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
Each broker, associate broker, or salesman that violates the provisions of § 104120 of this Chapter, or commingles funds that should be in trust funds with other funds, or fails to deposit into a trust account any down payment, earnest money deposit, or other funds that should be held within a trust account, shall pay a penalty of One Hundred Dollars ($100.00) for each violation.
SOURCE: Added by P.L. 29-002:V:I:70 (May 18, 2007).
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ARTICLE 2
REAL ESTATE LICENSES