Tennessee § 62-13-321 - Escrow or trustee account of deposited funds.
Full text of Tennessee Tennessee Code Annotated § 62-13-321 — Escrow or trustee account of deposited funds., with citation guidance and answers to common questions.
§ 62-13-321. Escrow or trustee account of deposited funds.
Every broker shall, in accordance with rules promulgated by the commission under § 62-13-203 , keep an escrow or trustee account of funds deposited with the broker relating to a real estate transaction. The broker shall maintain for a period of at least (3) years accurate records of the account showing: The depositor of the funds; The date of deposit; The date of withdrawal; The payee of the funds; and Other pertinent information that the commission may require. Acts 1988, ch. 919, § 1.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 62-13-321
What does Tennessee Code Annotated § 62-13-321 cover?
Section 62-13-321 ("Escrow or trustee account of deposited funds.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 62-13-321?
A common citation format is "Tennessee Code Annotated § 62-13-321" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 62-13-321 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.