Georgia License Law
Under Georgia law, a broker's trust account must be kept in:
AA. Any financial institution of the broker's choice, including out-of-state banks
BB. A federally insured bank or savings institution in Georgia✓ Correct
CC. A state-chartered credit union only
DD. An interest-bearing account with the interest payable to GREC
Explanation
Georgia requires brokers to maintain trust accounts in federally insured depository institutions in Georgia. This requirement ensures consumer protection and regulatory oversight.
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