What kinds of credit and character reports must I provide with my application? (1) If you are applying for an escrow officer license, or are applying to be a designated escrow officer, you must provide:
(a) Proof that you have passed the escrow officer examination; and
(b) Satisfactory proof of your good character; and
(c) Satisfactory proof of your good credit rating, as evidenced by a report from a recognized credit-reporting agency, and in a form approved by the director.
(2) If you are applying for an escrow agent license, you must provide satisfactory proof of character and credit rating for all principal officers. If your applicant is a business entity and not a natural person, you must provide satisfactory proof of your entity's credit rating. This proof must be obtained and provided by a recognized credit-reporting agency in a form approved by the department.
(3) If you are reporting a change in principal officer, you will be required to provide with your escrow agent amendment application, for any new principal officer:
(a) Satisfactory proof of his or her good character; and
(b) Satisfactory proof of his or her good credit as evidenced by a report from a recognized credit-reporting agency, and in a form approved by the director.
[Statutory Authority: RCW 43.320.040 and chapter 18.44 RCW (as amended by 2010 c 34). 10-20-124, § 208-680-110, filed 10/5/10, effective 11/5/10.]