By what date must deposits to the prearrangement funeral services trust be made following receipt of payment?

Deposits to the prearrangement funeral services trust must be made by the 20th day of the month following receipt of payment. This requirement ensures that funds are timely transferred into the trust, safeguarding the interests of the consumers who are prearranging their funeral services. Timely deposits are critical for maintaining the trust's integrity and for compliance with Washington state laws governing funeral services. By establishing a clear deadline, the regulation protects consumers by ensuring that their payments are securely handled and properly managed, which is an essential component of the trust arrangement. Therefore, the 20th day of the month is the correct timeline for these transactions, reflecting the need for both accountability and consumer protection within the funeral service industry.