Cal. Code Regs. tit. 10 § 110.210

Current through Register 2024 Notice Reg. No. 52, December 27, 2024

Section 110.210 - Debit Balances Prohibited

An association or service corporation which acts as an escrow agent shall not withdraw, pay out, or transfer moneys from any particular escrow account in excess of the amount to the credit of such account at the time of such withdrawal, payment, or transfer.

Cal. Code Regs. Tit. 10, § 110.210

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).