Erroneous payment into conveyancing account or conveyancing (CPF) account
13.—(1) Notwithstanding rule 7(1), where any money is erroneously paid into a solicitor’s conveyancing account or conveyancing (CPF) account, the appointed bank at which the conveyancing account or conveyancing (CPF) account is maintained may, with the consent of the solicitor, reverse the payment transaction and refund the money to the person who provided the money.
(2) Without prejudice to the generality of paragraph (1), the following shall be treated as erroneous payments for the purposes of that paragraph:
(a)
a payment of money into a conveyancing account that is not accompanied or supported by a pay-in form referred to in rule 6(3) or (4);
(b)
a payment of money into a conveyancing (CPF) account that is not accompanied by a written instruction from the Central Provident Fund Board, or a pay-in form, referred to in rule 6(5).