RSA 331-A:13 Escrow Accounts of Broker; Interest; Audit.
Title: XXX - OCCUPATIONS AND PROFESSIONS
Chapter: 331-A - NEW HAMPSHIRE REAL ESTATE PRACTICE ACT
I. The principal broker shall maintain an escrow account or accounts, separate and apart from the individual or office account, in which all deposits on fully executed contracts shall be promptly deposited. The escrow account or accounts shall be maintained in an insured financial institution within the state of New Hampshire.
II. The principal broker may place the deposit in an interest-bearing escrow or trust account or instrument. The interest earned shall accrue to the party making the deposit as a sum to be used toward the purchase price unless otherwise agreed in writing.
III. No checks shall be drawn against uncollected contract deposits in the escrow account.
IV. Withdrawal of contract deposits shall be allowed to be forwarded to the closing agent, title co