When a North Carolina developer selling time share units receives earnest money deposits or down payments, what must be done with that money? Unset starred question Deposit the money into a trust or escrow account no later than three banking days after it's received and hold it the escrow account for 10 days or until the purchaser cancels the contract. Forward the money to the time share owners association. Hold the money in the developer's escrow account for no more than three days. Maintain the money in a trust fund account that will be used for maintenance of the time share complex