Tennessee § 62-13-321 Escrow or trustee account of deposited funds

Tennessee Statutes

§ 62-13-321 — Escrow or trustee account of deposited funds

Tennessee § 62-13-321

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This text of Tennessee § 62-13-321 (Escrow or trustee account of deposited funds) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 62-13-321 (2026).

Text

Every broker shall, in accordance with rules promulgated by the commission under § 62-13-203 , keep an escrow or trustee account of funds deposited with the broker relating to a real estate transaction. The broker shall maintain for a period of at least (3) years accurate records of the account showing:

(1)The depositor of the funds;

(2)The date of deposit;

(3)The date of withdrawal;

(4)The payee of the funds; and (5) Other pertinent information that the commission may require.

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Every broker shall, in accordance with rules promulgated by the commission under § 62-13-203 , keep an escrow or trustee account of funds deposited with the broker relating to a real estate transaction. The broker shall maintain for a period of at least (3) years accurate records of the account showing: (1) The depositor of the funds; (2) The date of deposit; (3) The date of withdrawal; (4) The payee of the funds; and (5) Other pertinent information that the commission may require.