California Code
DIVISION 6 - ESCROW AGENTS
CHAPTER 2.5 - Escrow Agents Fidelity Corporation

ARTICLE 1 - Definitions

Section 17300. - 17300. “Fidelity Corporation” means the Escrow Agents’ Fidelity Corporation. (Amended...

Section 17301. - 17301. “Member” means any person licensed under this division who...

Section 17302. - 17302. “Trust obligation” means: (a) All money and property deposited...

Section 17303. - 17303. “Commissioner” means the Commissioner of Financial Protection and Innovation....

Section 17304. - 17304. “Loss,” within the meaning of this chapter, means the...

Section 17305. - 17305. “Monthly average escrow liability,” as used in this chapter,...

ARTICLE 2 - Purpose: Scope of Guarantee

Section 17310. - 17310. (a) It shall be the purpose of Fidelity Corporation...

Section 17311. - 17311. (a) Persons licensed pursuant to this division shall maintain...

Section 17312. - 17312. (a) Each person licensed pursuant to this division who...

Section 17313. - 17313. The commissioner shall review and approve the articles of...

Section 17313.1. - 17313.1. The fiscal year of Fidelity Corporation shall commence on...

Section 17314. - 17314. (a) Fidelity Corporation shall pay a member for loss...

Section 17314.1. - 17314.1. (a) Notwithstanding any other provision of this article, Fidelity...

Section 17314.2. - 17314.2. Claims filed prior to the effective date of this...

Section 17314.3. - 17314.3. (a) A deductible shall apply to each loss suffered...

Section 17315. - 17315. The commissioner may establish rules which are reasonable and...

ARTICLE 3 - Membership Fee and Assessments

Section 17320. - 17320. Fidelity Corporation shall establish and maintain the following funds...

Section 17321. - 17321. Fidelity Corporation shall bill and collect from each member...

Section 17321.1. - 17321.1. Fidelity Corporation shall levy a special assessment against its...

Section 17321.2. - 17321.2. Fidelity Corporation shall be entitled to collect late fees...

Section 17322. - 17322. Fidelity Corporation shall report to the commissioner each levy...

Section 17323. - 17323. (a) In the event any member fails to pay...

Section 17324. - 17324. Any reduction in the membership fund caused by payment...

ARTICLE 4 - General Provisions

Section 17330. - 17330. Any member or successor in interest who suffers a...

Section 17331. - 17331. (a) An applicant applying for licensure as an escrow...

Section 17331.1. - 17331.1. (a) Any person not previously issued a certificate must,...

Section 17331.2. - 17331.2. (a) Fidelity Corporation shall deny the application for a...

Section 17331.3. - 17331.3. (a) Notice to the person, and to the member...

Section 17332. - 17332. When either Fidelity Corporation or the insurer providing the...

Section 17333. - 17333. The commissioner may forthwith upon written notice and order...

Section 17334. - 17334. Whenever the commissioner has taken possession of the property...

Section 17335. - 17335. An appeal may be taken from the judgment of...

Section 17336. - 17336. (a) Fidelity Corporation shall have independent authority to investigate...

Section 17337. - 17337. Fidelity Corporation may invest its funds only as provided...

Section 17339. - 17339. Prior to incurring any extraordinary or nonrecurring expense, Fidelity...

Section 17340. - 17340. In the event the board of directors of Fidelity...

Section 17341. - 17341. The commissioner shall give prompt notice to Fidelity Corporation...

Section 17342. - 17342. Memberships issued by Fidelity Corporation shall be nontransferable and...

Section 17343. - 17343. No provision of the Insurance Code shall apply to...

Section 17344. - 17344. The operation of Fidelity Corporation shall at all times...

Section 17345. - 17345. Any member aggrieved by any action or decision of...

Section 17345.1. - 17345.1. (a) A member or successor in interest aggrieved by...

Section 17346. - 17346. (a) Fidelity Corporation and its members shall not advertise,...

Section 17347. - 17347. (a) The Secretary of State shall not file articles...

Section 17348. - 17348. In order to permit Fidelity Corporation to fulfill its...

Section 17349. - 17349. If Fidelity Corporation is dissolved, subject to the approval...

Section 17350. - 17350. All costs and expenses incurred by the commissioner in...