California Financial Code

§ 17414.1

FIN § 17414.1 Effective Jan 1, 2023Div. 6 · Ch. 3

Statute text

(a)Any person who has been convicted of or pleaded nolo contendere to any crime specified in subdivision (b) within the past 10 years, or has been held liable in any civil action by final judgment or any administrative judgment by any public agency within the past 7 years, of any of the provisions specified in subdivision (b) shall not serve in any capacity as an officer, director, stockholder, trustee, agent, or employee of an escrow agent, or in any position involving any duties with an escrow agent, in this state. This subdivision shall not apply to any person whose office, employment, ownership interest, or other participation in the business of a licensed escrow agent commenced prior to January 1, 1992.

(b)(1) Subdivision (a) applies to criminal convictions of, pleas of nolo contendere to, or civil or administrative judgments entered for, any of the following offenses:

(A)Offenses specified in Chapter 10 (commencing with Section 1320) of Division 1.1.

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Legislative history

Amended by Stats. 2022, Ch. 846, Sec. 1. (SB 1348) Effective January 1, 2023.