Section 783. Disposition of security

1. Upon transfer of title of the home
  to the vendee  the  bond  posted  pursuant  to  this  article  shall  be
  released,  and  any  funds  held in escrow pursuant to the provisions of
  this article, together with interest accumulated  thereon  shall  become
  the  property  of the vendor, unless otherwise agreed between the vendor
  and vendee.
    2. Upon default by the vendor, the vendee may  demand  return  of  his
  deposit  or  deposits  from  the  vendor.  If  the vendor has placed the
  deposit or deposits in an escrow account pursuant to the  provisions  of
  this article, he shall physically transfer the account to the vendee, or
  pay  the  balance of said account to the vendee within fourteen business
  days after the day on which the demand  was  made.  If  the  vendor  has
  posted a bond pursuant to the provisions of this article, the vendee may
  initiate  action for payment thereon if his deposit or deposits have not
  been paid to such vendee by the vendor  within  fourteen  business  days
  after the day in which said demand was made.