By Prof Graham Paddock
Put simply, it is now clear that a managing agent need not operate two separate trust accounts, one under the EAAA and another under the DCA. A managing agent must credit all levies received to an “estate agency” trust account opened under the EAAA.
Thanks are due to NAMA and the Debt Collectors Council for their ongoing efforts on behalf of the managing agency industry.
Article reference: Volume 9, Issue 1, Page 2
This article is published under the Creative Commons Attribution license.