A finance company shall retain a copy of the escrow instructions and the closing statement issued by the escrow holder for any loan secured by real property where the loan proceeds were disbursed to an independent escrow holder.

Note: Authority cited: Section 22150, Financial Code. Reference: Sections 22156, 22157 and 22709, Financial Code.

History

1. New Note filed 12-29-83; effective thirtieth day thereafter (Register 83, No. 53).

2. Amendment of Note filed 2-21-85; effective thirtieth day thereafter (Register 85, No. 8).

3. Change without regulatory effect amending Note filed 6-14-95 pursuant to section 100, title 1, California Code of Regulations (Register 95, No. 24).

4. Amendment filed 8-4-98; operative 9-3-98 (Register 98, No. 32).