2020 California Code
Financial Code - FIN
DIVISION 6 - ESCROW AGENTS
CHAPTER 2 - License and Bond
Section 17206.

Universal Citation: CA Fin Code § 17206 (2020)
17206.  

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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