Answer: The agreement mandates monthly deposits of $6,399.
Trend: Consistent compliance with this requirement is crucial to avoid penalties.
List: Ensure timely deposits each month and monitor for any changes in the agreement.
Finding Text
The regulatory agreement (as amended) requires monthly deposits of $6,399.
Corrective Action Plan
Management agrees with the finding. The replacement reserve deficiency will be funded in the amount of $149. Management will ensure that the replacement reserve deposits are made on a timely basis in the future.