California Financial Code 17411.1 – “Trust funds” or “escrow accounts” as used in Sections 17409, 17410, …
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“Trust funds” or “escrow accounts” as used in Sections 17409, 17410, and 17411 shall include all funds required to be held by an escrow agent pursuant to a federal or state law, or requirement of a governmental agency.
(Added by Stats. 1982, Ch. 663, Sec. 11.)
Terms Used In California Financial Code 17411.1
- Escrow: Money given to a third party to be held for payment until certain conditions are met.