Iowa PLB

Discipline Details

Discipline Information

 
15-115
B42577000
Nancy Hagen
6/4/2015
Other - Engaging in practices harmful or detrimental to the public by: Failing to maintain at all times a record of the trust account and improper trust account procedures. Failing to accurately maintain a general ledger to record in chronological order all rece
Reprimand. $1,500 Civil Penalty. 8 Hour Trust Accounts Course. Audit Review, conducted by IREC Auditor.
Engaging in practices harmful or detrimental to the public by: Failing to maintain at all times a record of the trust account and improper trust account procedures. Failing to accurately maintain a general ledger to record in chronological order all receipts and disbursements for the Respondent’s trust account. Failing to provide a means for a monthly reconciliation of the trust account to ensure agreement of the general ledger balance, reconciled bank balance and individual ledger accounts. Failing to accurately maintain the running balance of all individual leger accounts in the trust account.
Satisfied
 
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