{"code":"FIN","codeName":"Financial Code","section":"17206","citation":"Fin. Code, § 17206","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 6. ESCROW AGENTS [17000. - 17703.]","url":"https://blackletter.si/financial-code/division-6"},{"name":"CHAPTER 2. License and Bond [17200. - 17215.]","url":"https://blackletter.si/financial-code/division-6/chapter-2"}],"history":"Enacted by Stats. 1951, Ch. 364.","effective":null,"html":"<p>When an action is commenced on an escrow agent’s bond the commissioner may require the filing of a new bond, and immediately upon the recovery of any action on the bond, the licensee shall file a new bond. Failure to file a new bond within 10 days of the recovery on a bond, or within 10 days after notification of the commissioner that a new bond is required constitutes sufficient grounds for the suspension or revocation of the license.</p>","text":"When an action is commenced on an escrow agent’s bond the commissioner may require the filing of a new bond, and immediately upon the recovery of any action on the bond, the licensee shall file a new bond. Failure to file a new bond within 10 days of the recovery on a bond, or within 10 days after notification of the commissioner that a new bond is required constitutes sufficient grounds for the suspension or revocation of the license.","otherVersions":[],"url":"https://blackletter.si/financial-code/license-and-bond-17206","source":"California Legislative Information bulk export (pubinfo)"}