LICENSING AND THE ESCROW OFFICER EXAMINATION
Credit and character report.
License not transferable.
What kind of background check and fingerprinting information may the department require with my application for an escrow agent license?
What kind of background check and fingerprinting information may the department require with my application for an escrow officer license?
Escrow officer examination.
What escrow officer and agent fees will I be required to pay?
May the director waive fees under the act?
What happens if my check is dishonored or my payment of an escrow fee is insufficient?
May my designated escrow officer or branch designated escrow officer supervise more than one of my locations?
If my designated escrow officer or branch designated escrow officer leaves, may I continue to operate my escrow business?
What must I do to replace my designated escrow officer?
May a designated escrow officer or a branch designated escrow officer work for two or more escrow agents?
What constitutes the misuse of my escrow officer license?
Can an escrow agent prohibit its designated escrow officer from accessing its trust account books and records?
ORGANIZATION AND ADMINISTRATION
How must I identify my location or locations?
Do I need to display my licenses?
If I move the location of one or more of my offices, what notification requirements must I meet?
Escrow agent renewal and reinstatement.
Escrow officer renewal and reinstatement.
Closure of office.
Deceptive names prohibited.
Reporting significant events.
Fidelity and surety bonds.
Errors and omissions policies.
When will the cash deposit or securities I used in lieu of an errors and omissions policy be returned to me?
How are claims filed on my cash deposit or securities in lieu of an errors and omissions policy?
How long do I have to maintain my cash deposit and securities, and what are the consequences of failure to do so?
What happens if my errors and omissions policy or my fidelity or surety bonds expire or are canceled?
Administration of funds held in trust.
What are the requirements for my quarterly reports?
RECORDS AND RESPONSIBILITIES
What are the designated escrow officer's responsibilities?
What records am I required to keep?
What are my obligations regarding escrow transactions?
Am I obligated to conduct escrow transactions within the time period specified in the escrow instructions?
What requirements must I follow when disbursing funds or other things of value?
When do I have to notify the department about a lawsuit or complaint against me?
What are the responsibilities of a licensed escrow officer?
What practices are violations of the act?
EXAMINATIONS, INVESTIGATIONS, ENFORCEMENT, SANCTIONS, AND COSTS
What are the department's examination powers under the act?
What are the department's investigatory powers under the act?
What are the department's enforcement powers under the act?
Seizure of business.
Seizure of business—Notice to licensee.
What can I do if the department takes possession of my business without cause?
What examination and investigation fees may the department charge me, and what specialists may the department retain in connection to its examination or investigation of an escrow agent or officer?
Abandoned escrow records.
Organization of commission.
Escrow commission meeting notice.