Section 17414.2 Of Chapter 3. Escrow Regulations From California Financial Code >> Division 6. >> Chapter 3.
17414.2
. (a) In response to any written request by an escrow agent
or by Fidelity Corporation, any bank, savings association, credit
union, any other financial institution, or any other exempt person
specified in Section 17006, an escrow agent or Fidelity Corporation
may provide a written employment reference that advises of the person'
s involvement in a crime or act specified in Section 17414 or
subdivision (b) of Section 17414.1, or any theft, embezzlement,
misappropriation, or other defalcation which has been reported to
federal authorities pursuant to federal banking guidelines, or that
has been reported to the commissioner or Fidelity Corporation,
pursuant to this division. In order for the immunity provided in
subdivision (b) to apply, a copy of the written employment reference
shall be sent concurrently by the Fidelity Corporation, person,
entity, escrow agent, bank, savings association, credit union, any
other financial institution, or exempt person specified in Section
17006 providing the reference, to the last known address of the
person concerning whom the reference is provided.
(b) No licensed escrow agent, bank, savings association, credit
union, any other financial institution, exempt person specified in
Section 17006, or Fidelity Corporation shall be civilly liable for
providing an employment reference as specified in subdivision (a),
unless the information provided is false and the licensed escrow
agent, bank, savings association, credit union, any other financial
institution, or exempt person specified in Section 17006, or Fidelity
Corporation providing false information does so with knowledge and
malice.