BILL NUMBER:  SB 1363
  VETOED	DATE: 09/29/2010




To the Members of the California State Senate:

I am returning Senate Bill 1363 without my signature.

This bill would require any employee of an escrow agent who has
access to money or negotiable securities belonging to the escrow
agent, or any other person as determined by the Department of
Corporations (DOC), to complete a course in escrow management
conducted by DOC within 12 months of receipt of a Fidelity
Corporation Certificate.

It is unclear why the provisions of this bill would only apply to new
licensees and exempt all others.  In addition, DOC currently
conducts an escrow management course, which is available to escrow
companies at no cost, questioning the need to impose this mandate
altogether.

For these reasons I am unable to sign this bill.

Sincerely,



Arnold Schwarzenegger