California § 17206. 17206. (Enacted by Stats. 1951, Ch. 364.)

California Statutes

§ 17206. — 17206. (Enacted by Stats. 1951, Ch. 364.)

California § 17206.

Code FINFinancial Code - FIN

Div. 6.DIVISION 6. ESCROW AGENTS

Ch. 2.CHAPTER 2. License and Bond

This text of California § 17206. (17206. (Enacted by Stats. 1951, Ch. 364.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Financial Code - FIN Code § 17206. (2026).

Text

When an action is commenced on an escrow agent’s bond the commissioner may require the filing of a new bond, and immediately upon the recovery of any action on the bond, the licensee shall file a new bond. Failure to file a new bond within 10 days of the recovery on a bond, or within 10 days after notification of the commissioner that a new bond is required constitutes sufficient grounds for the suspension or revocation of the license.

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When an action is commenced on an escrow agent’s bond the commissioner may require the filing of a new bond, and immediately upon the recovery of any action on the bond, the licensee shall file a new bond. Failure to file a new bond within 10 days of the recovery on a bond, or within 10 days after notification of the commissioner that a new bond is required constitutes sufficient grounds for the suspension or revocation of the license.

Legislative History

Enacted by Stats. 1951, Ch. 364.

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California § 17206., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/17206..