California · Financial Code
FIN §17403.1: No person subject to this division shall describe as an escrow, whether orally, in writing, or electronically, any transaction that is not defined as such in Section 17003.
What this law says, in plain English
A person cannot falsely describe a transaction as an escrow unless it meets the legal definition in Section 17003.
Read the full statutory text
No person subject to this division shall describe as an escrow, whether orally, in writing, or electronically, any transaction that is not defined as such in Section 17003.
Verify at the official source: California legislative text
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