A title insurance producer shall maintain sufficient records of its affairs, including its escrow operations, if any, and escrow trust accounts, if any, so that the Commissioner may adequately ensure that the title insurance producer is in compliance with this chapter. The Commissioner may prescribe the specific record entries and documents to be kept and the length of time for which the records shall be maintained, for a period of not to exceed 3 years, unless otherwise required by the RESPA.
(Sept. 24, 2010, D.C. Law 18-223, § 2125, 57 DCR 6242.)
For temporary (90 day) addition, see § 2125 of Fiscal Year 2011 Budget Support Emergency Act of 2010 (D.C. Act 18-463, July 2, 2010, 57 DCR 6542).
Structure District of Columbia Code
Title 31 - Insurance and Securities
Chapter 50B - Title Insurance Producers
§ 31–5041.02. Licensing requirements
§ 31–5041.03. Examination of operation of title insurance producers
§ 31–5041.04. Record-retention requirements
§ 31–5041.05. Policyholder treatment
§ 31–5041.06. Conditions for providing escrow, settlement, closing, and indemnity deposit services
§ 31–5041.07. Prohibition of rebate and fee splitting
§ 31–5041.08. Underwriting contract required with title insurer
§ 31–5041.09. Penalties and liabilities
§ 31–5041.10. Violations of the Real Estate Settlement Procedures Act