California CodesBusiness and Professions Code - BPCDivision 4 — Real EstatePart 1 — Licensing of PersonsChapter 3 — Real Estate RegulationsArticle 1 — Scope of RegulationSection 10141.5

Within one week after the closing of a transaction negotiated by a real estate broker in which title to real property is conveyed from a seller to a purchaser and a deed of trust secured by real property is executed, such broker shall cause such deed of trust to be recorded with the county recorder of the county in which the real property is located, or cause it to be delivered to the beneficiary with a written recommendation that it be recorded forthwith, unless written instructions not to record are received from the beneficiary. If the transaction is closed through escrow and the deed of trust is delivered to the escrow holder within the time prescribed by this section, that shall be deemed compliance with this section on the part of the broker. Nothing in this section shall affect the validity of a transfer of title to real property.

Notes

Requires a broker, within one week after closing a negotiated real-property conveyance involving a deed of trust, to record the deed or deliver it to the beneficiary with a written recommendation to record, unless the beneficiary gives written instructions not to record. Delivery to the escrow holder within that week satisfies the duty, and noncompliance does not affect title-transfer validity.

Use as reference

Lexinter.net | California Code, Business and Professions Code - BPC § 10141.5 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-1/chapter-3/article-1/section-10141-5

Disclaimer: Codes available on Lexinter may not reflect the most current laws in your jurisdiction. We make no warranties regarding the accuracy, completeness, or adequacy of the information provided. Always verify the status of any code with your state legislature or official government sources before relying on it for legal purposes.