Cal. Code Regs. tit. 10 § 1738.1

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 1738.1 - Debit Balances Prohibited

An escrow agent shall not withdraw, pay out, or transfer monies 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, § 1738.1

1. New section filed 3-3-52; effective thirtieth day thereafter (Register 27, No. 5).
2. Editorial correction adding NOTE filed 4-6-83 (Register 83, No. 15).

Note: Authority cited: Sections 17400 and 17401, Financial Code. Reference: Section 17409, Financial Code

1. New section filed 3-3-52; effective thirtieth day thereafter (Register 27, No. 5).
2. Editorial correction adding NOTE filed 4-6-83 (Register 83, No. 15).