Fin. Code, § 17006 · Chapter 1. Application of This Division
Fin. Code, § 17006
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) This division does not apply to:
(1) Any person doing business under any law of this state or the United States relating to banks, trust companies, building and loan or savings and loan associations, credit unions, or insurance companies.
(2) Any person licensed to practice law in California who has a bona fide client relationship with a principal in a real estate or personal property transaction and who is not actively engaged in the business of an escrow agent.
(3) Any person whose principal business is that of preparing abstracts or making searches of title that are used as a basis for the issuance of a policy of title insurance by a company doing business under any law of this state relating to insurance companies.
(4) Any broker licensed by the Real Estate Commissioner while performing acts in the course of or incidental to a real estate transaction in which the broker is an agent or a party to the transaction and in which the broker is performing an act for which a real estate license is required.
(b) The exemptions provided for in paragraphs (2) and (4) of subdivision (a) are personal to the persons listed, and those persons shall not delegate any duties other than duties performed under the direct supervision of those persons. Notwithstanding the provisions of this subdivision, the exemptions provided for in paragraphs (2) and (4) of subdivision (a) are not available for any arrangement entered into for the purpose of performing escrows for more than one business.
Notes and commentary — not statutory text
History
Amended by Stats. 2018, Ch. 267, Sec. 9. (AB 2862) Effective January 1, 2019.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=17006.
- Text hash
- sha256 2ff3ed1b3cb06923ee971a8efc0d9aec561529c08ac79c9f286811b5f0c12939
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 14 provisions
Provisions in this library whose text cites Fin. Code, § 17006. Each shows the citation as that text prints it.
Business and Professions Code
Civil Code
- Civ. Code, § 1057.7Printed as Section 17006 of the Financial Code
- Civ. Code, § 1103.22Printed as Section 17006 of the Financial Code
- Civ. Code, § 1785.28Printed as Section 17006 of the Financial Code
- Civ. Code, § 2943Printed as Section 17006 of the Financial Code
- Civ. Code, § 8726Printed as Section 17006 of the Financial Code
Code of Civil Procedure
Financial Code
Harbors and Navigation Code
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.