There is a newer version
of
this Section
2020 California Code
Financial Code - FIN
DIVISION 6 - ESCROW AGENTS
CHAPTER 1 - Application of This Division
Section 17005.1.
Universal Citation: CA Fin Code § 17005.1 (2020)
17005.1.
“Joint control agent” means a person engaging in the business of receiving money or other property for disbursal or use in payment of the cost of labor, materials, services, permits, fees, or other items of expense incurred in the construction of improvements upon real property. As used in this section, “in the business” means the conduct of the aforesaid transaction either for compensation or without compensation as a primary business or as an incidence to another business, but shall not mean the conduct of the business of real estate lending or of acting as an authorized representative, agent or loan correspondent for such a lender.
(Added by Stats. 1965, Ch. 287.)
Disclaimer: These codes may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
