Section 110.206 - Printed Instructions(a) A preprinted form of escrow instructions shall not contain: (1) An authorization or direction to disburse any money except to an authorized subescrow agent prior to recordation of instruments in escrows relating to real property or prior to consummation of sale in escrows relating to bulk sales of personal property; or(2) An authorization or direction to deliver, except to a duly authorized subescrow agent, or record instruments affecting ownership or interest in real or personal property, prior to deposit with the association or service corporation or an authorized subescrow agent of the full sum of money required to be deposited in escrow under escrow instructions.(b) Nothing in this section shall prohibit: (1) The insertion of such authorization in the form of escrow instructions, in handwriting or typewriting, at the direction of the party executing such instructions; or(2) An instruction authorizing disbursements in payment of services, fees, or other items of expense, not including, however, commissions payable to brokers or agents.Cal. Code Regs. Tit. 10, § 110.206
1. New section filed 12-7-88; operative 1-6-89 (Register 88, No. 52). Note: Authority cited: Section 8053, Financial Code. Reference: Section 6521, Financial Code.
1. New section filed 12-7-88; operative 1-6-89 (Register 88, No. 52).