45:15-12.7. Agent, custodian may not use interest on escrow funds
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/nj/title-45/chapter-15/45-15-12-7·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
44. A real estate broker acting in the capacity of an escrow agent or as the temporary custodian of the funds of others in any real estate transaction shall not receive, obtain or use any interest earned on the funds for the broker's own personal or business use.
L.1993,c.51,s.44.