California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 9 - Escrow Agents
Article 4 - Books, Records and Accounts
Section 1738.1 - Debit Balances Prohibited
Universal Citation: 10 CA Code of Regs 1738.1
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
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.
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
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