Cal. Financial Code - FIN § 17300. Section 17300.
“Fidelity Corporation” means the Escrow Agents’ Fidelity Corporation.
ARTICLE 1. Definitions [17300. - 17305.]
Cal. Financial Code - FIN 1.
in effectCal. Financial Code - FIN § 17301. Section 17301.
“Member” means any person licensed under this division who is required by Section 17312 to be a member of Fidelity Corporation.
Cal. Financial Code - FIN § 17302. Section 17302.
“Trust obligation” means:
(a)
All money and property deposited with a member within the State of California in an escrow or joint control transaction.
(b)
All money and property deposited with a member to be held in trust within the State of California pursuant to a federal or state statute or requirements of a governmental agency.
Cal. Financial Code - FIN § 17303. Section 17303.
“Commissioner” means the Commissioner of Financial Protection and Innovation.
Cal. Financial Code - FIN § 17304. Section 17304.
“Loss,” within the meaning of this chapter, means the loss of trust obligations held by a member within the State of California as a result of the fraudulent or dishonest abstraction, misappropriation, or embezzlement of trust obligations by an officer, director, trustee, stockholder, manager, or employee of a member.
Cal. Financial Code - FIN § 17305. Section 17305.
“Monthly average escrow liability,” as used in this chapter, means the average escrow liability for the 12-month period as reported in the most recent report made by the member to the commissioner pursuant to Section 17348.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026