DIVISION 6. ESCROW AGENTS 17000-17703›CHAPTER 2. License and Bond 17200-17215

§ 17206

California Financial Code · 2020-11 edition · updated 2026-10-04 · California

When an action is commenced on an escrow agent’s bond the commissioner may require the filing of a new bond, and immediately upon the recovery of any action on the bond, the licensee shall file a new bond. Failure to file a new bond within 10 days of the recovery on a bond, or within 10 days after notification of the commissioner that a new bond is required constitutes sufficient grounds for the suspension or revocation of the license.

(Enacted by Stats. 1951, Ch. 364.)

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California Financial Code

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