951.06 ESCROW AGENT OBLIGATIONS.
   (a)   No person, agent, firm or corporation acting in the capacity of an escrow agent in any real estate transaction involving the bona fide sale or conveyance of any interest in a dwelling structure, commercial building structure or other building, structure or land upon which such buildings or structures are located in the City, shall file for record an instrument to transfer title thereto or disburse any funds from such sale unless the provisions of this chapter have been satisfied, including but not limited to the specific provisions of Section 951.05.
   (b)   No person, agent, firm or corporation shall sell, by land contract or otherwise, any interest in any existing building or structure without furnishing the buyer, prior to such sale, proof that the sewer piping on the subject property from the building to the sanitary and storm main lines is in good condition and is reasonably free from infiltration; and, when escrow has been established, without depositing in escrow prior to the delivery, possession or transfer of title, a statement from the buyer acknowledging receipt of such proof relating to the condition of the sewer pipe.
(Ord. 1994-037. Passed 2-22-94.)