The revocation, suspension, surrender or expiration of an escrow agent’s license does not impair or affect pre-existing escrows lawfully contracted, but nothing contained in this division shall be deemed to authorize the acceptance of further funds or documents into escrow subsequent to such revocation, surrender or expiration or during any period of suspension.
(Amended by Stats. 1955, Ch. 261.)
Terms Used In California Financial Code 17609
- escrow agent: as used in this division includes joint control agents and Internet escrow agents. See California Government Code 25823