Escrow Bond (AB 704)

AB 704 (Chapter 370, Statutes of 2015):  Escrow Services: authorization to transact business

The escrow bond required by AB 704 and by the California Department of Insurance can be found here: Bond of Underwritten Title Company

AB 704 Fact Sheet (Revised)

Also CLTA has revised the Fact Sheet on the “transaction fees” that a UTC will face when seeking reimbursement of the old escrow deposits of $7,500 and posting new bonds or depositing cash for the new statewide escrow authority provided via AB 704.  The Fact Sheet can be found here:  AB 704 Title Industry Fact Sheet.
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