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Clients Trust Account
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Open a Clients' Trust Account
Open a Clients' Trust Account
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Agency Main Content
Opening a clients' trust account
Open an account
at a “bank” as defined in
ORS 696.010(2)
.
Include the words “clients’ trust account,”
"client trust acct," “clients’ trust account- security deposits” or "client trust account SD" in the name of the account with the bank.
Establish yourself as an authorized signer
on the account.
Note: Property owners cannot be signers on trust accounts.
Prepare and have a bank representative sign
the
Notice of Clients’ Trust Account and Authorization to Examine form
(PDF) for each account.
Make sure checks are
:
Pre-printed with the words “clients’ trust account,” "client trust acct," “clients’ trust account - security deposits,” or "client trust account SD."
Pre-numbered or, if computer generated, numbered consecutively.
Do not link a debit card to a clients’ trust account
or security deposit account.
Add the clients' trust account
to your personal license account in
eLicense
within 10 business days from the date the trust account is opened.
Agency Relative Content
Resources:
Notice of Clients' Trust Account and Authorization to Examine
(PDF)
How to add or remove a clients' trust account in eLicense
(PDF)
Guide to Clients' Trust Accounts - Property Management
(PDF)