Upon completion of an escrow transaction, the association or service corporation which is acting as an escrow agent shall render to each principal to the escrow transaction a statement of account in writing. Such statement shall specify all receipts and disbursements of escrow funds for such principal's account. Charges made by the association or service corporation for escrow services, and all disbursements by the association or service corporation to a broker or salesman in connection with an escrow transaction shall be clearly designated as such and shall be shown separately from disbursements of the association or service corporation. Payments outside of escrow, if shown in the statement, shall be set forth separately from payments by or to the association or service corporation.
Cal. Code Regs. Tit. 10, § 110.211
Note: Authority cited: Section 8053, Financial Code. Reference: Section 6521, Financial Code.