ARTICLE 3.7. Underwritten Title Companies

Article 3.7 added by Stats. 1973, Ch. 1130.

§§ 12389–12389.7 · 8 sections

• § 12389 (a) On and after July 1, 2016, an underwritten title company as defined in Section 12340.5 that is a stock corporation may, subject to subdivision (b), (1)…
• § 12389.1 Before granting a license or a reissued license to act as an underwritten title company to any applicant, the commissioner shall consider the qualifications of…
• § 12389.2 After the issuance or reissuance of a license to act as an underwritten title company, the holder shall continue to comply with the requirements as to its…
• § 12389.3 When there exists a restriction in a stock certificate requiring the consent of the department prior to the transfer of the stock, the request for consent to…
• § 12389.4 An underwritten title company shall furnish a quarterly financial statement to the commissioner on forms prescribed by the commissioner on or before 30 days…
• § 12389.5 Every person engaged in the business of preparing title searches, title examinations, title reports, and certificates of abstracts of title, upon which a title…
• § 12389.6 (a) Prior to the disbursement by an underwritten title company from any escrow account under Section 12413.1, each underwriting agreement between the…
• § 12389.7 (a) Sections 1070, 1070.5, 1070.6, 1071.5, 1072, and 1076 shall be applicable to underwritten title companies. (b) The following terms from Sections 1070,…