California · Financial Code

FIN §17602: If it appears to the commissioner that any licensed escrow agent is violating or has violated its articles of incorporation, or any law or rule binding upon it, the commissioner shall, by written orde

What this law says, in plain English

If a commissioner believes a licensed escrow agent is violating its incorporation articles or applicable laws, the commissioner may issue a written order.

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If it appears to the commissioner that any licensed escrow agent is violating or has violated its articles of incorporation, or any law or rule binding upon it, the commissioner shall, by written order addressed to the agent direct the discontinuance of such violation. The order shall be effective immediately, but shall not become final except in accordance with the provisions of Section 17604.

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