TITLE 50: INSURANCE
CHAPTER V: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 8100 TITLE INSURANCE ACT
SECTION 8100.1744 TRANSFERS BETWEEN ESCROWS


 

Section 8100.1744  Transfers Between Escrows

 

Transfers of funds between escrows may not be accomplished by the making of book entries alone, but must be accomplished by the actual writing of a check from one escrow to the other, and by the depositing of such check for the account of, and the writing of a receipt for, the escrow to which the funds are being transferred.  Such transfers must also be properly supported and documented in the escrow files by inclusion of the reasons for, and the appropriate approval of, the transfer.