California § 12413.2. 12413.2. (Added by Stats. 1988, Ch. 389, Sec. 1.)

California Statutes

§ 12413.2. — 12413.2. (Added by Stats. 1988, Ch. 389, Sec. 1.)

California·Code INS Insurance Code - INS·Div. 2. DIVISION 2. CLASSES OF INSURANCE·Part 6. PART 6. INSURANCE COVERING LAND·Ch. 1. CHAPTER 1. Title Insurance·Art. 6. ARTICLE 6. Rebates and Commissions

Any item or draft received by a title insurance company, controlled escrow company, or underwritten title company in connection with any escrow shall be deposited in, or submitted for collection to, a financial institution as defined in Section 12413 no later than the close of the next business day following receipt.
For purposes of this section, “item” means any check, including a cashier’s check, negotiable order of withdrawal, share draft, traveler’s check, or money order.

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Any item or draft received by a title insurance company, controlled escrow company, or underwritten title company in connection with any escrow shall be deposited in, or submitted for collection to, a financial institution as defined in Section 12413 no later than the close of the next business day following receipt.
For purposes of this section, “item” means any check, including a cashier’s check, negotiable order of withdrawal, share draft, traveler’s check, or money order.

California § 12413.2. (12413.2. (Added by Stats. 1988, Ch. 389, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Added by Stats. 1988, Ch. 389, Sec. 1.

Nearby Sections

3

§ 12413.1.

12413.1. (Amended by Stats. 1990, Ch. 872, Sec. 2.)

§ 12413.2.

12413.2. (Added by Stats. 1988, Ch. 389, Sec. 1.)

§ 12413.5.

12413.5. (Amended by Stats. 1989, Ch. 328, Sec. 2.)

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