It shall be unlawful for any person to engage in business as an escrow agent within this state except by means of a corporation duly organized for that purpose licensed by the commissioner as an escrow agent.
(Amended by Stats. 1999, Ch. 441, Sec. 6. Effective January 1, 2000.)
Terms Used In California Financial Code 17200
- escrow agent: as used in this division includes joint control agents and Internet escrow agents. See California Government Code 25823