California Financial Code ARTICLE 1 - Definitions

• Section 17300.
  “Fidelity Corporation” means the Escrow Agents’ Fidelity Corporation.(Amended by Stats. 1985, Ch. 1560, Sec. 6. Effective October 2, 1985.)
• Section 17301.
  “Member” means any person licensed under this division who is required by Section 17312 to be a member of Fidelity Corporation.(Amended by Stats. 1985, Ch....
• Section 17302.
  “Trust obligation” means:(a) All money and property deposited with a member within the State of California in an escrow or joint control transaction.(b) All money and property...
• Section 17303.
  “Commissioner” means the Commissioner of Corporations.(Added by Stats. 1982, Ch. 1106, Sec. 1.)
• Section 17304.
  “Loss,” within the meaning of this chapter, means the loss of trust obligations held by a member within the State of California as a result...
• Section 17305.
  “Monthly average escrow liability,” as used in this chapter, means the average escrow liability for the 12-month period as reported in the most recent report...

Last modified: October 22, 2018