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 1738.4 - Subescrow Agent

A subescrow agent may be a bank or trust company under the supervision of the Superintendent of Banks or Controller of the Currency, a state or federal savings and loan or building and loan association, a municipal, county, state, or federal government agency, a state or federally chartered credit union, an insurance or title insurance company admitted to do business in the State of California, an attorney at law admitted to practice in the State of California, a company doing business under the Industrial Loan Law of the State of California, a company licensed to do business under the Escrow Law of the State of California, or any person or persons whose principal business is that of preparing abstracts or making searches of title that are used as a basis for the issuance of a policy of title insurance by a company doing business under any law of this State or any other state relating to insurance companies.

1. New section filed 3-3-52; effective thirtieth day thereafter (Register 27, No. 5).
2. Editorial correction adding NOTE filed 4-4-83 (Register 83, No. 15).
3. Editorial correction of printing errors in section (Register 96, No. 52).
4. Amendment filed 12-16-97; operative 1-15-98 (Register 97, No. 51).

Note: Authority cited: Sections 17400 and 17401, Financial Code. Reference: Sections 17409, 17420 and 17608, Financial Code.