California Financial Code

§ 17405

FIN § 17405 Effective Jan 1, 2002Div. 6 · Ch. 3

Statute text

(a)The business, accounts and records of every person performing as an escrow agent, whether required to be licensed under this division or not, are subject to inspection and examination by the commissioner at any time without prior notice. The provisions of this section shall not apply to persons specified in Section 17006.

(b)Any person subject to this division shall, upon request, exhibit and allow inspection and copying of any books and records by the commissioner or his or her authorized representative.

(c)(1) The commissioner shall conduct an examination of each licensed escrow agent as described in subdivision (a) as often as the commissioner deems necessary and appropriate, but not less than once every 48 months.

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Legislative history

Amended by Stats. 2001, Ch. 499, Sec. 3. Effective January 1, 2002.