Escrow Law – Archive

2018

  • 12/06/18 -The next Escrow Law Advisory Committee meeting will be on Monday, December 17, 2018 at 2 p.m. The meeting will be held at the Department of Business Oversight’s Sacramento office located at 1515 K Street, 2nd Floor Video Conference Room. The meeting will also be available through video conference at the Department’s Los Angeles office located at 300 S. Spring Street, 15th Floor Video Conference Room. Please contact Special Administrator Paul Liang in the Los Angeles office at (213) 576-7535 if you have any questions. The AGENDA for the coming meeting and the MINUTES for the September 11, 2018 meeting are available.
  • 11/30/18 – Over the past three years, California-licensed escrow companies lost more than $3 million in funds that could not be recovered from more than 30 cyber thefts. Because the Escrow Agents’ Fidelity Corporation (EAFC) does not cover trust losses from cyber theft, the licensees involved had to cover the losses. Escrow licensees are required to immediately report such incidents to the Commissioner of Business Oversight and the EAFC. See DBO Release No. 66-FS for more information about what to look for in suspicious emails and precautionary steps to protect your companies from cyber theft.
  • 8/31/2018 – The next Escrow Law Advisory Committee meeting will be on Tuesday, September 11, 2018 at 10 a.m. The meeting will be held at the Department of Business Oversight’s Los Angeles office located at 320 West Fourth Street, 7th Floor Conference Room. Please contact Special Administrator Kathleen Partin in the Los Angeles office at (213) 576-7614 if you have any questions. The AGENDA for the coming meeting is available. The MINUTES from the June 2018 meeting are also available.
  • 5/25/2018 – The next Escrow Law Advisory Committee meeting will be on Tuesday, June 5, 2018 at 10 a.m. The meeting will be held at the Department of Business Oversight’s Los Angeles office located at 320 West Fourth Street, 7th Floor Conference Room. Please contact Special Administrator Kathleen Partin in the Los Angeles office at (213) 576-7614 if you have any questions. The AGENDA for the coming meeting is available.
  • 2/26/2018 – The next Escrow Law Advisory Committee meeting will be on Tuesday, March 13, 2018 at 10 a.m. The meeting will be held at the Department of Business Oversight’s Los Angeles office located at 320 West Fourth Street, 7th Floor Conference Room. Please contact Special Administrator Kathleen Partin in the Los Angeles office at (213) 576-7595 if you have any questions. The MINUTES from the December 5, 2017 meeting are now available. The AGENDA for the coming meeting is also available.
  • 1/12/2018 – The Online Form for the 2017 Escrow Liability Report is now available.

2017

  • The next Escrow Law Advisory Committee meeting will be on Tuesday, December 5, 2017 at 10 a.m. The meeting will be held at the Department of Business Oversight’s Los Angeles office located at 320 West Fourth Street, 7th Floor Conference Room. Please contact Special Administrator Kathleen Partin in the Los Angeles office at (213) 576-7595 if you have any questions. The minutes from the September 12, 2017 meeting are now available. The agenda is also attached.
  • New Online Form Available for 2016 Escrow Liability Report
  • The next Escrow Law Advisory Committee meeting will be on Tuesday, September 12, 2017 at 10 a.m. The meeting will be held at the Department of Business Oversight’s Los Angeles office located at 320 West Fourth Street, 7th Floor Conference Room. Please contact Special Administrator Kathleen Partin in the Los Angeles office at (213) 576-7595 if you have any questions. The agenda and the minutes from the June 28, 2017 meeting are now available.
  • The next Escrow Law Advisory Committee meeting will be on Wednesday, June 28, 2017 at 10 a.m. The meeting will be held at the Department of Business Oversight’s Los Angeles office located at 320 West Fourth Street, 7th Floor Conference Room. Please contact Special Administrator Kathleen Partin in the Los Angeles office at (213) 576-7595 if you have any questions. The minutes from the March 14, 2017 meeting are now available. The agenda is also attached.
  • The next Escrow Law Advisory Committee meeting will be on Tuesday March 14, 2017 at 10 a.m. The meeting will be held at the Department of Business Oversight’s Los Angeles office located at 320 West Fourth Street, 7th Floor Conference Room.. Please contact Special Administrator Richard Malme in the Los Angeles office at (213) 576-7595 if you have any questions. The minutes from the December 13, 2016 meeting are now available. The agenda is also attached.

2016

  • The next Escrow Law Advisory Committee meeting will be on Tuesday December 13 at 10 a.m. The meeting will be held at the Department of Business Oversight’s Los Angeles office located at 320 West Fourth Street, 7th Floor Conference Room.. Please contact Special Administrator Richard Malme in the Los Angeles office at (213) 576-7595 if you have any questions. The minutes from the September 13, 2016 meeting are now available. The AGENDA is also attached.
  • The next Escrow Law Advisory Committee meeting will be on Tuesday September 13 at 10 a.m. The meeting will be held at the Department of Business Oversight’s Los Angeles office located at 320 West Fourth Street, Second Floor “Pacific Ocean” Room. Please contact Special Administrator Richard Malme in the Los Angeles office at (213) 576-7595 if you have any questions. The minutes from the June 21, 2016 meeting are now available.
  • The next Escrow Law Advisory Committee meeting will be on Tuesday June 21st at 10 a.m. The meeting will be held at the Department of Business Oversight’s Los Angeles office located at 320 West Fourth Street, Seventh Floor Conference Room. Please contact Special Administrator Richard Malme in the Los Angeles office at (213) 576-7595 if you have any questions. Agenda.The minutes from the March 15, 2016 meeting are now available.
  • The next Escrow Law Advisory Committee meeting will be on Tuesday March 15 at 10 a.m. The meeting will be held at the Department of Business Oversight’s Los Angeles office located at 320 West Fourth Street, Seventh Floor Conference Room. Please contact Special Administrator Richard Malme in the Los Angeles office at (213) 576-7595 if you have any questions. Agenda. The minutes from the December 8, 2015 meeting are now available.

2015

  • The next Escrow Law Advisory Committee meeting will be on Tuesday December 8, 2015 at 10 a.m. The meeting will be held at the Department of Business Oversight’s Los Angeles office located at 320 West Fourth Street, Seventh Floor Conference Room. Please contact Special Administrator Richard Malme in the Los Angeles office at (213) 576-7595 if you have any questions. Agenda. The minutes from the September 15, 2015 meeting are now available.
  • 10/19/2015 – The portal for filing applications online to obtain California Finance Lender (CFL), Deferred Deposit Transaction (CDDTL) and Escrow licenses is now available. Applicants may file applications and pay licensing and other fees using the portal found at https://docqnet.dbo.ca.gov. Questions should be directed to CFL.inquiries@dbo.ca.govCDDTL.inquiries@dbo.ca.gov or escrow.inquiries@dbo.ca.gov.
  • The next Escrow Law Advisory Committee meeting will be on Tuesday September 15, 2015 at 10 a.m. The meeting will be held at the Department of Business Oversight’s Los Angeles office located at 320 West Fourth Street, Seventh Floor Conference Room. Please contact Special Administrator Richard Malme in the Los Angeles office at (213) 576-7595 if you have any questions. Agenda. The minutes from the June 16, 2015 meeting are now available.
  • The next Escrow Law Advisory Committee meeting will be on Tuesday June 16, 2015 at 10 a.m. The meeting will be held at the Department of Business Oversight’s Los Angeles office located at 320 West Fourth Street, Seventh Floor Conference Room. Please contact Special Administrator Richard Malme in the Los Angeles office at (213) 576-7595 if you have any questions. Agenda. The minutes from the March 10, 2015 meeting are now available.
  • 03/03/2015 – The next Escrow Law Advisory Committee meeting will be on Tuesday March 10, 2015 at 10 a.m. The meeting will be held at the Department of Business Oversight’s Los Angeles office located at 320 West Fourth Street, Seventh Floor Conference Room. Please contact Special Administrator Richard Malme in the Los Angeles office at (213) 576-7595 if you have any questions. Agenda.  The minutes from the December 10, 2014 meeting are now available.

2014

  • The Escrow Advisory Committee Meeting on Tuesday, September 16, 2014, originally set for a 10AM, has been changed to 1 PM. Call Richard Malme at (213) 576-7595 if you have any questions. Thank you.

2013

  • 12/04/13 – The Commissioner of Business Oversight adopted amendments to Section 1718.1 of Title 10 of the California Code of Regulations, to clarify the Escrow Law’s requirements for the surety bond that is required for licensure of an escrow agent. These amendments were filed with the Secretary of State on November 27, 2013 and become effective on January 1, 2014.
  • 11/26/2013 – The next Escrow Law Advisory Committee meeting will be Tuesday December 10, 2013 at 10:00 A.M. The meeting will be held at the Department of Business Oversight’s Los Angeles office located at 320 West Fourth Street, 7th Floor Conference Room. Agenda.
  • 8/30/2013  The next Escrow Law Advisory Committee meeting will be on Tuesday September 10, 2013 at 10:00 A.M. The meeting will be held at the Department of Business Oversight’s Los Angeles office located at 320 West Fourth Street, 7th Floor Conference Room. Agenda The Minutes of the June 4, 2013 meeting are now available.
  • 08/29/13 – The California Department of Business Oversight Commissioner is proposing further amendments to Section 1718.1 of Title 10 of the California Code of Regulations, originally published in the California Regulatory Notice Register 2012, No. 52-Z.  This rulemaking action relates to amendments made in response to comments received regarding the proposed regulation.  The Department of Business Oversight also proposes other nonsubstantive changes throughout the text to amend Department-specific information as a result of the merger of the former Department of Corporations and the former Department of Financial Institutions.  The period within which to comment on these amendments ends on September 13, 2013.  (PRO 13/12).
  • 03/8/13 – On February 28, 2013, the Department issued an order that froze the escrow activity of Efficient Services Escrow Group when it was learned that unauthorized wires had been transferred from two of its trust accounts. The company was given the opportunity to correct the trust shortage, but did not provide proof of correction.  In order to start the process of releasing funds to customers with funds on deposit, on March 8, 2013 the Department issued additional orders to appoint a conservator.  The conservator is Peter Davidson of Ervin, Cohen & Jessup LLP.  At this time it is unknown when funds will be released and at what percentage.

2012

  • 12/19/12 – The Commissioner of Corporations proposes to adopt section 1718.1 of Title 10 of the California Code of Regulations.  This proposed rulemaking action clarifies the Escrow Law’s requirements for a surety bond that is required of escrow agents for licensure.  The period within which to comment on this proposed regulatory action ends on February 11, 2013. (PRO 13-12)
  • 02/03/11 – Notice to Potential Claimants of Mid-Cities Escrow. The Commissioner of Corporations Appoints a Conservator for Mid-Cities Escrow. – By an order dated February 2, 2012, the California Department of Corporations appointed Peter Davidson, Esq., as Conservator of Mid-Cities Escrow. This action was taken when it was learned that Mid-Cities Escrow  had committed numerous violations of the California Escrow Law.  If you have any questions concerning Mid-Cities Escrow, you may contact Mr. Davidson at pdavidson@ECJLAW.COM.

Last updated: Aug 13, 2019 @ 2:22 pm