Duty of debt collector as to accounts
17 Duty of debt collector as to accounts
A debt collector —
shall keep or cause to be kept full and accurate records of accounts —
of particulars of all trust money; and
of particulars of withdrawals and payments of trust money made by him or anyone employed by him;
and
shall keep the accounts mentioned in paragraph (a) in such manner that they can be conveniently and properly audited; and
shall correctly balance those accounts at the end of each month.
Penalty for this subsection: a fine of $25 000.
Every entry in the records of accounts deferred to in subsection (1) kept at any place of business of the licensee shall be deemed, unless the contrary is proved, to have been made by or with the authority of the debt collector.
[(3) deleted]
[Section 17 amended: No. 25 of 2019 s. 23.]
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