Answer: Monthly deposits of $2,741 are required by the regulatory agreement.
Trend: Consistent compliance with this deposit amount is crucial for maintaining regulatory standing.
List: Ensure timely deposits each month to avoid penalties and maintain compliance.
Finding Text
The regulatory agreement (as amended) requires monthly deposits of $2,741.
Corrective Action Plan
Management agrees with the finding. The residual receipts account deficiency will be funded in the amount of $888. Management will ensure that the residual receipts account is properly funded in the future.