Escrow is a legal arrangement whereby a thing (often money, but sometimes other property such as art, a deed of title, or software source code) is delivered to a third party (called an escrow agent) to be held in trust pending a contingency or the fulfillment of a condition or conditions in a contract. Upon that event occurring, the escrow agent will deliver the thing to the proper recipient, otherwise the escrow agent is bound by her or his fiduciary duty to maintain the escrow account. Read more on agent corporation escrow fidelity
agent corporation escrow fidelity |
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Extra Listings:
Escrow Agents' Fidelity Corporation
May 4, 2004 - Fraud Alert International-safe.com: Escrow Agents’ Fidelity Corporation (EAFC) has been ... of Corporations as an escrow agent and...
(a) In response to any written request by an escrow agent or by...
CHAPTER 3. ESCROW REGULATIONS. Section 17414.2 (a) In response to any written request by an escrow agent or by Fidelity Corporation, any bank,...
California Department of Corporations - Escrow Law
Membership in Escrow Agents' Fidelity Corporation (EAFC). An escrow agent must be a member of EAFC if the escrow agent will be engaging in...
(a) Persons licensed pursuant to this division shall maintain a
...under the name Escrow Agents' Fidelity Corporation. (b) The State of California, the Department of Corporations, or any officer, agent, or...
California Department of Corporations - Financial Services Division...
Membership in Escrow Agents' Fidelity Corporation (EAFC) if the escrow agent will be engaging in the following types of escrows as specified...
Escrow is not just a term for real estate. While escrow is best known in the context of real estate, escrow companies are also commonly used in the transfer of higher value properties like websites and businesses. It is even used in auction sites where two parties unknown to each other are making a transaction and there is no previous history.
In addition there can be lawyer transactions with clients that involve escrow.
Real estate agents are in some jurisdictions considered to act as escrow agents when they accept deposits for the purchase of real property.
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