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1STATE OF CALIFORNIA2BUSINESS, TRANSPORTATION AND HOUSING AGENCY3DEPARTMENT OF CORPORATIONS4 5 6TO:JB Escrow aka JB Escrow, Inc. 20 Fairbanks Suite 193 Irvine, California 926187 DESIST AND REFRAIN
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JB Escrow, also known as JB, is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a transaction.
Any party involved in a transaction that requires a secure payment process can use JB Escrow. It is not specific to any particular individual or entity.
To fill out JB Escrow, both parties involved in the transaction must agree to use JB as the payment intermediary and follow the instructions provided by JB for transferring funds securely.
The purpose of JB Escrow is to ensure that both parties in a transaction are protected by having a neutral third party hold the funds until all the terms of the agreement are met.
The information reported on JB Escrow includes details of the transaction, the amount of funds held in escrow, the names of the parties involved, and any specific instructions for releasing the funds.
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