A-10, r. 1 - Regulation respecting travel agents

Section 23 Disposition versions

2012-09-01

23. A travel agent may withdraw from the trust account, for or on behalf of a customer or in connection with a customer, only the funds deposited or held in the account for the customer.

He may withdraw those funds from the trust account only if they are required for one of the following purposes:

(a)  for services to be rendered to the customer;

(b)  for expenditures on behalf of the customer;

(c)  to reimburse himself for expenditures and service charges incurred on behalf of the customer;

(d)  to reimburse the customer for amounts due him;

(e)  to collect the gross income due him in connection with the customer, but only after the cost of the services has been paid to the person on whose behalf the funds were received from the customer.

The funds withdrawn must be used only for the purpose provided for in the paragraph authorizing their withdrawal.

R.R.Q., 1981, c. A-10, r. 1, s. 23; O.C. 449-90, s. 10.