Whenever the commissioner issues a license or order under this division, the commissioner may impose conditions that are necessary and appropriate to carry out the provisions and purposes of this division and, with respect to Internet escrow agents, are also consistent with the intent of the Legislature.
(Added by Stats. 1999, Ch. 441, Sec. 7. Effective January 1, 2000.)
Terms Used In California Financial Code 17215
- Escrow: Money given to a third party to be held for payment until certain conditions are met.