§ 110.200. Policies and Procedures.

Latest version.

Prior to acting as an escrow agent, the board of directors of an association or service corporation shall adopt formal written policies and procedures to govern the escrow operations of the association or service corporation.

HISTORY

1. New section filed 12-7-88; operative 1-6-89 (Register 88, No. 52).

Note

Note: Authority cited: Section 8053, Financial Code. Reference: Section 6521, Financial Code.

                    
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