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 1741.6 - Internet Escrow Agent "Click-Through" Fees

Universal Citation: 10 CA Code of Regs 1741.6
Current through Register 2024 Notice Reg. No. 38, September 20, 2024

The prohibition against the payment by an escrow agent of fees, commissions, or other consideration as compensation for referring, soliciting, handling, or servicing escrow customers or accounts, as set forth in Section 17420 of the Code, does not apply to a written contract between an Internet escrow agent licensed under the Escrow Law and an owner of an Internet web site for the establishment of a hypertext on that web site for the exclusive purpose of receiving personal property escrows for the deposit or delivery by the Internet escrow agent pursuant to transactions on the Internet web site; provided, that the Internet escrow agent and the owner of the Internet web site are doing business exclusively on the Internet. For the purpose of this section, "hypertext" means an electronic document on a web site page that contains a link to another document that requires an affirmative act to click-on the link to display or otherwise access the document.

1. New section filed 7-5-2001; operative 8-4-2001 (Register 2001, No. 27).

Note: Authority cited: Section 17400, Financial Code. Reference: Section 17420, Financial Code.

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