- (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).
Note: Authority cited: Section 11281, Business and Professions Code. Reference: Section 11243, Business and Professions Code.
History
1. New section filed 5-5-2005; operative 7-1-2005 (Register 2005, No. 18).