“Internet escrow agent” means any person engaged in the business of receiving escrows for deposit or delivery over the Internet.

(Added by Stats. 1999, Ch. 441, Sec. 2. Effective January 1, 2000.)

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Terms Used In California Financial Code 17004.5

  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Person: includes any person, firm, partnership, association, corporation, company, limited liability company, syndicate, estate, trust, business trust, or organization of any kind. See California Financial Code 18