Property Management
In Louisiana, a property manager who collects a tenant's security deposit must:
APlace it in any interest-bearing account
BHold it in a separate trust/escrow account and not use it for operating expenses✓ Correct
CForward it to the property owner immediately
DInvest it in government bonds
Explanation
Security deposits are client funds that must be held in a separate trust account, segregated from the property manager's operating funds. Commingling security deposits with operating funds is a serious License Law violation.
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