{"data":{"id":"us-va/10vac5-80-40","jurisdiction":"us-va","citation":"10VAC5-80-40","heading":"Escrow accounts and audits","body":"All funds received by a financial institution or financial institution subsidiary or affiliate, in the company's capacity of settlement agent and intended for distribution in whole or part to others, shall be deposited in a separate escrow account maintained in a bank, savings institution or credit union authorized to conduct business in Virginia. The company shall have the escrow account audited annually as provided in §  55-525.20 C of the Code of Virginia and conforming to the American Institute of Certified Public Accountants, Statement on Auditing Standards, Special Reports, and shall file a copy of the audit report with the bureau promptly.","path":["Title 10. Finance And Financial Institutions","Agency 5. State Corporation Commission","Chapter 80. Real Estate Settlement Agent Rules"],"source_url":"https://law.lis.virginia.gov/admincode/title10/agency5/chapter80/section40/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:49:33Z","sha256":"75332d9a9d2d94295049c170cede735724ca60bfeef91dd9b7c4e23f6a10dc0b","source_id":"us-va-vac","stale":false,"prev":"us-va/10vac5-80-30","next":"us-va/10vac5-80-50"},"notice":"GroundRules: Original legal text. Not legal advice."}