Test Drive/Lesson One
• General Information
• Advance Fee Trust Accounts
• Trust Fund Bank Account
Important Terms
• advance fee
• beneficiary
• commingling
• escrow
• impound account
• inure
• obligor
• principal
• security deposits
• trust fund
• trustee
• trust fund bank account
Lesson Two
• Trust Fund Accounting Records
• Reconciliation of Trust Fund Accounting Records
Important Terms
• credits
• debits
• escrow
• payee
• payor
• reconcile
Lesson Three
• Trust Fund Audits and Examinations
• Consequences of Trust Fund Violations
• Sample Transactions
Important Terms
• administrator
• advance fee
• commingling
• conversion
• enjoin
• executor
• receiver
• trustee