§ 7.85.180. Escrow account for refundable fees.

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Whatever refundable fees or deposits, including but not limited to those known as refundable registration fees and refundable reservation deposits collected by a seller from users, shall be placed in a separate escrow account with a local bank or financial institution.

(Ord. 12338 § 4 (part), 1981: Ord. 5860 Ch. 26 Art. 4 § 3821, 1951.)

                    
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