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Review Your SQE 1 Practice Records

Examination Timing: 00H00M12S

A solicitor is handling a client’s property transaction and receives a large sum of money for the purchase. How long does the solicitor have to deposit this money into the client account according to the SRA Accounts Rules?

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The solicitor must deposit the money into the client account within 48 hours. The SRA Accounts Rules require prompt deposit of client money to ensure it is properly managed and protected. Key Point: Timely deposit of client money into the client account is essential for compliance with the SRA Accounts Rules and safeguarding client funds.

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