130Receipts

130 Receipts (1) If a licensed agent receives trust money as a licensed agent, the agent must give a receipt for the money. (2) The receipt must— (a) be given to the person who gave the licensed agent the money; and (b) describe the subject matter or reason why the money was given to the agent. (3) A licensed agent must keep a copy of a receipt given by the agent under this section. (4) This section does not apply to money that is credited electronically or paid directly to a licensed agent’s account.