Business and Professions Code section 24074.2

Any person desiring to act as an escrow holder under Section 24074 shall not release any funds in the escrow in exchange for a promissory note or in exchange for any other consideration of less value to the creditors than the funds exchanged.

Source: Section 24074.2, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=BPC§ionNum=24074.2. (updated Jan. 1, 1967; accessed Nov. 24, 2025).

24070
24070.1
24070.2
24070.5
24071
24071.1
24071.2
24072
24072.1
24072.2
24072.3
24072.5
24073
24074
24074.1
24074.2
24074.3
24074.4
24075
24076
24077
24078
24079
24080
24081
24082

Up to date

Verified:
Nov. 24, 2025

§ 24074.2's source at ca.gov

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Location: https://california.public.law/codes/business_and_professions_code_section_24074.2

Original Source: Section 24074.2, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=BPC§ionNum=24074.2. (last accessed May 12, 2025).