{"data":{"id":"us-md/md.-code-business-occupations-and-professions-17-503","jurisdiction":"us-md","citation":"Md. Code, Business Occupations and Professions § 17–503","heading":"","body":"Except as authorized under § 17-505 of this subtitle, a real estate broker shall deposit all trust money in a financial institution that is located in the State and whose deposits are insured by:\n(1) the Federal Deposit Insurance Corporation;\n(2) the Federal Savings and Loan Insurance Corporation;\n(3) the National Credit Union Administration;\n(4) the State of Maryland Deposit Insurance Fund Corporation; or\n(5) the Credit Union Insurance Corporation.","path":["Article - Business Occupations and Professions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gbo\u0026section=17-503","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:13Z","sha256":"e062bb758d7cb65ce9a8e424a22eab2f86eb2e79d1992ad358488512a1f02474","source_id":"us-md","stale":false,"prev":"us-md/md.-code-business-occupations-and-professions-17-502","next":"us-md/md.-code-business-occupations-and-professions-17-504"},"notice":"GroundRules: Original legal text. Not legal advice."}