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This entry was published on 2014-09-22
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SECTION 7-106
Money deposited or advanced for certain installations; waiver void
General Obligations (GOB) CHAPTER 24-A, ARTICLE 7, TITLE 1
§ 7-106. Money deposited or advanced for certain installations; waiver
void. 1. Whenever any non-public moneys shall be deposited or advanced
by the owner of an occupied residential dwelling on a contract for the
installation of a private connection to a public sewer line as security
for payments or to be applied to payments upon such contract when due,
such money, with interest accruing thereon, if any, until repaid or so
applied, shall continue to be the money of the person making such
deposit or advance and shall be a trust fund in the possession of the
person with whom such deposit or advance shall be made and shall be
deposited in a bank, trust company, savings bank, savings and loan
association, federal savings and loan association or federal mutual
savings bank and shall not be mingled with other funds or become an
asset of such trustee.

2. Any provision of a contract whereby a person who has deposited or
advanced money on a contract for the installation of a private
connection to a public sewer line as security for payments or to be
applied to payments upon such contract when due waives any provision of
this section is absolutely void.