CHAPTER 1. Application of This Division
Chapter 1 enacted by Stats. 1951, Ch. 364.
§§ 17000–17010 · 19 sections
- § 17000 This division is known and may be cited as the “Escrow Law.”
- § 17001 Unless the context otherwise requires, the definitions set forth in this chapter govern the construction of this division.
- § 17002 “Commissioner” means the Commissioner of Financial Protection and Innovation.
- § 17002.5 “Person” means, in addition to the singular, persons, group of persons, co-operative, association, company, firm, partnership, corporation, limited liability…
- § 17003 (a) “Escrow” means any transaction in which one person, for the purpose of effecting the sale, transfer, encumbering, or leasing of real or personal property…
- § 17004 “Escrow agent” means any person engaged in the business of receiving escrows for deposit or delivery.
- § 17004.5 “Internet escrow agent” means any person engaged in the business of receiving escrows for deposit or delivery over the Internet.
- § 17005 “Licensee” means any person holding a valid, unrevoked license as an escrow agent.
- § 17005.1 “Joint control agent” means a person engaging in the business of receiving money or other property for disbursal or use in payment of the cost of labor,…
- § 17005.2 “Business location” and “business office location” mean a facility or other place of business where a person engages in the business of receiving an escrow for…
- § 17005.3 “Customer contact center” means a facility operated by an Internet escrow agent that exists solely for the purpose of responding to customer electronic…
- § 17005.4 “Person subject to this division” means any person undertaking the performance of escrow agent services. Unless specifically exempted, as in Section 17006,…
- § 17005.5 “Within this state” means any activity of a person relating to receiving escrows for deposit or delivery that originates from this state and is directed to…
- § 17005.6 Except as provided for in Section 17004, “escrow agent” as used in this division includes joint control agents and Internet escrow agents.
- § 17006 (a) This division does not apply to: (1) Any person doing business under any law of this state or the United States relating to banks, trust companies,…
- § 17006.5 In any proceeding under this law, the burden of proving an exemption or an exception from a definition is upon the person claiming it.
- § 17008 No foreign corporation shall transact any escrow business in this State without first complying with all the requirements of this division, nor until it has…
- § 17009 The commissioner shall forward by prepaid registered mail a copy of every paper served under this chapter, to the secretary of the corporation at its last…
- § 17010 The commissioner shall collect from the plaintiff at the time of service, the sum of two dollars ($2) for each copy of process served on him pursuant to this…