§ 2807.2. Acceptable Escrow Depositories.

Latest version.

(a) The following entities which are qualified to do business in the State of California are escrow depositories acceptable to the Commissioner: escrow agents licensed by the Corporations Commissioner, banks, trust companies, savings and loan associations, title insurers and underwritten title companies.
(b) In exceptional circumstances the Commissioner may approve an escrow depository other than an entity enumerated in subdivision (a).

HISTORY

1. New section filed 5-5-2005; operative 7-1-2005 (Register 2005, No. 18).

Note

Note: Authority cited: Section 11281, Business and Professions Code. Reference: Section 11243, Business and Professions Code.

                    
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