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2016 California Code
Financial Code - FIN
DIVISION 6 - ESCROW AGENTS
CHAPTER 3 - Escrow Regulations
Section 17422.

CA Fin Code § 17422 (2016) What's This?

17422. A joint control agent, unless acting pursuant to written instructions of his principals, shall not disburse funds for the payment of the cost of labor, materials, services, permits, fees, or other items of expense incurred in the construction of improvements upon real property until such time as he determines that the person furnishing such labor, materials, services, permits, fees, or other items has substantially complied with the specifications contained in the control agreement.

(Added by Stats. 1965, Ch. 1205.)

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