Cal. Code Regs. tit. 10 § 1738.2

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

Section 1738.2 - Delivery of Documents or Property

An escrow agent shall use documents or other property deposited in escrow only in accordance with the written escrow instructions of the principals to the escrow transaction or the escrow instructions transmitted electronically over the Internet executed by the principals to the escrow transaction, or if not otherwise directed by written or electronically executed instructions, in accordance with sound escrow practice, or pursuant to order of a court of competent jurisdiction.

Cal. Code Regs. Tit. 10, § 1738.2

1. New section filed 3-3-52; effective thirtieth day thereafter (Register 27, No. 5).
2. Amendment filed 11-13-58; effective thirtieth day thereafter (Register 58, No. 21).
3. Editorial correction of NOTE filed 4-6-83 (Register 83, No. 15).
4. Amendment of section and NOTE filed 7-21-2003; operative 7-21-2003 pursuant to Government Code section 11343.4 (Register 2003, No. 30).

Note: Authority cited: Section 17400, Financial Code. Reference: Sections 17403.2 and 17403.3, Financial Code.

1. New section filed 3-3-52; effective thirtieth day thereafter (Register 27, No. 5).
2. Amendment filed 11-13-58; effective thirtieth day thereafter (Register 58, No. 21).
3. Editorial correction of NOTE filed 4-6-83 (Register 83, No. 15).
4. Amendment of section and Note filed 7-21-2003; operative 7-21-2003 pursuant to Government Code section 11343.4 (Register 2003, No. 30).