CA SB1363

Requires officers, directors, trustees, and escrow managers of licensed escrow agents who have access to money or negotiable securities to complete a course in escrow management within 12 months of receiving a Fidelity Corporation Certificate.

Extends the requirement to any person authorized to draw checks on escrow agent accounts or trust funds in the regular discharge of their duties.

Authorizes the Commissioner of Corporations to determine additional persons who must complete the course and to charge reasonable fees to cover administrative costs.

Applies to all newly licensed escrow agents and those undergoing a change in ownership on or after January 1, 2011, as well as persons hired by existing licensees on or after that date.

Defines "change in ownership" as occurring when a licensee files and receives approval for a new license application pursuant to existing law requirements.