Louisiana License Law
A Louisiana real estate licensee acting as a property manager who collects security deposits must:
AHold them in their personal bank account
BPlace them in a separate escrow/trust account✓ Correct
CRemit them to the LREC for safekeeping
DApply them immediately to the first month's rent
Explanation
Louisiana licensees managing property must hold security deposits in a separate escrow or trust account, clearly identified and segregated from personal funds. This is required under Louisiana License Law and property management regulations.
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