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Order Number: NCS -1153254 -SC <br />Page Number: 9 <br />NOTICE <br />Section 12413.1 of the California Insurance Code, effective January 1, 1990, requires that any title insurance company, underwritten title company, or <br />controlled escrow company handling funds in an escrow or sub -escrow capacity, wait a specified number of days after depositing funds, before recording <br />any documents in connection with the transaction or disbursing funds. This statute allows for funds deposited by wire transfer to be disbursed the same day <br />as deposit. In the case of cashier's checks or certified checks, funds may be disbursed the next day after deposit. In order to avoid unnecessary delays of <br />three to seven days, or more, please use wire transfer, cashier's checks, or certified checks whenever possible. <br />If you have any questions about the effect of this new law, please contact your local First American DfFice for more details. <br />First American Title Insurance Company <br />ATTY/AGR/2024.193.1—AFFORDABLE HOUSING LAND DONATION AGREEMENT- EXHIBIT A-2- PRELIMINARY TITLE REPORT <br />REV: 10-22-24 VR <br />Page 9 of 14 <br />