ARTICLE 1. Definitions [17300. - 17305.]

Article 1 added by Stats. 1982, Ch. 1106, Sec. 1.

§§ 17300–17305 · 6 sections

• § 17300 “Fidelity Corporation” means the Escrow Agents’ Fidelity Corporation.
• § 17301 “Member” means any person licensed under this division who is required by Section 17312 to be a member of Fidelity Corporation.
• § 17302 “Trust obligation” means: (a) All money and property deposited with a member within the State of California in an escrow or joint control transaction. (b) All…
• § 17303 “Commissioner” means the Commissioner of Financial Protection and Innovation.
• § 17304 “Loss,” within the meaning of this chapter, means the loss of trust obligations held by a member within the State of California as a result of the fraudulent…
• § 17305 “Monthly average escrow liability,” as used in this chapter, means the average escrow liability for the 12-month period as reported in the most recent report…