Financial Code section 17206

When an action is commenced on an escrow agent’s bond the commissioner may require the filing of a new bond, and immediately upon the recovery of any action on the bond, the licensee shall file a new bond. Failure to file a new bond within 10 days of the recovery on a bond, or within 10 days after notification of the commissioner that a new bond is required constitutes sufficient grounds for the suspension or revocation of the license.

Source: Section 17206, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=17206.­ (updated Jan. 1, 1951; accessed Jun. 9, 2025).

Last Updated

Jan. 1, 1951

§ 17206’s source at ca​.gov