§ 17404 Escrow Recordkeeping Requirements

Financial Code·California

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This law says that businesses handling escrow must keep good records so the government can check if they're following the rules.

Key Takeaways

•Businesses dealing with escrow must keep good records.
•These records help the government check if the business is following the rules.
•If a business doesn't keep proper records, they could get in trouble.

Example

A company holds money for a house sale.

They must keep clear records of all the money they handle so the government can make sure they're not doing anything wrong.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 17404 Escrow Recordkeeping Requirements

Every person subject to this division shall keep and use in its business, books, accounts, and records which will properly enable the commissioner to determine whether the escrow functions performed by such person comply with the provisions of this division and with all rules made by the commissioner under this division. (Amended by Stats. 1973, Ch. 705.)

Last verified: January 11, 2026

Key Terms

books accounts records commissioner escrow functions

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 17404.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References