Cal. Ins. Code § 12413.2
Current through the 2024 Legislative Session.
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.
Ca. Ins. Code § 12413.2