Trust money must be deposited into a trust account within what timeframe?

• A. It must be deposited within 7 business days.
• B. It must be deposited into a trust account within the prescribed timeframe.
• C. It must be deposited within 90 days.
• D. It must be deposited within the end of the fiscal year.

Answer: (B)

The move to deposit trust money is governed by the rules, not by a fixed, universal number. The key point is that trust funds must be deposited within the timeframe that the regulations themselves prescribe. This ensures funds are promptly secured in a trust account and protected for clients.

Why this is the best answer: the regulating body defines the exact deadline in the trust-account provisions, so following the “prescribed timeframe” is the only correct approach. The other options propose specific numeric windows (like seven days, ninety days, or waiting until the end of the fiscal year), but those do not reflect the requirement in the regulations, which specifies the actual timeframe to be used.