COUNT I (Security Deposit Trust Account) - Respondent is charged with engaging in practices harmful or detrimental to the public in violation of Iowa Code sections 543B.29(1)(d), 543B.29(1)(k), 543B.34(1), 543B.46 (2021) by:
(a) Failing to properly account for conditionally refundable deposits in the Respondent’s trust account containing security deposits. See 193E Iowa Administrative Code §§ 13.1(6)(c), 15.1(7)(e), 18.14(5)(f).
(b) Failing to provide a means for a monthly reconciliation of the Respondent’s trust account containing security deposits to ensure agreement of the general ledger balance, reconciled bank balance, and individual ledger accounts. See 193E Iowa Administrative Code §§ 13.1(6)(a)(3), 15.1(7)(f), 18.14(5)(e), 18.14(5)(f).
COUNT II (Property Management Trust Account) - Respondent is charged with engaging in practices harmful or detrimental to the public in violation of Iowa Code sections 543B.29(1)(d), 543B.29(1)(k), 543B.34(1), 543B.46 (2021) by:
(a) Failing to maintain at all times a record of the Respondent’s trust account and improper trust account procedures. See 193E Iowa Administrative Code §§ 13.1(6), 18.14(5)(e), 18.14(5)(f).
(b) Failing to provide a means for a monthly reconciliation of the Respondent’s trust account to ensure agreement of the general ledger balance, reconciled bank balance and individual ledger accounts. See 193E Iowa Administrative Code §§ 13.1(6)(a)(3), 15.1(7)(f), 18.14(5)(e), 18.14(5)(f).
