Insurance Code section 12413.2

Any item or draft received by a title insurance company, controlled escrow company, or underwritten title company in connection with any escrow shall be deposited in, or submitted for collection to, a financial institution as defined in Section 12413 no later than the close of the next business day following receipt.
For purposes of this section, “item” means any check, including a cashier’s check, negotiable order of withdrawal, share draft, traveler’s check, or money order.

Source: Section 12413.2, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=INS§ionNum=12413.­2.­ (updated Jan. 1, 1988; accessed Dec. 8, 2025).

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Verified:
Dec. 8, 2025

§ 12413.2's source at ca​.gov