California Financial Code 17305 – “Monthly average escrow liability,” as used in this chapter, means …
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“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 made by the member to the commissioner pursuant to Section 17348.
(Amended by Stats. 1989, Ch. 590, Sec. 1.)
Terms Used In California Financial Code 17305
- Escrow: Money given to a third party to be held for payment until certain conditions are met.