Answer: Monthly deposits of $1,061 are required by the regulatory agreement.
Trend: Consistent compliance with this requirement is crucial to avoid penalties.
List: Ensure timely deposits each month and review compliance regularly.
Finding Text
The regulatory agreement (as amended) requires monthly deposits of $1,061.
Corrective Action Plan
Management agrees with the finding. The residual receipts account deficiency will be funded in the amount of $596. Management will ensure that the residual receipts account is properly funded in the future.