§449-5 License required to act as escrow depository. (a) No person shall act as an escrow depository in this State unless it is a corporation licensed to do so by the commissioner.
No person subject to the provisions of this chapter not licensed or exempted under this chapter shall transact any business under any name, title or descriptive term which contains the words "escrow", "escrow depository", or any other word or phrase having the same or similar meaning.
(b) No person shall act as an escrow depository from an out-of-state location for property located in this State unless licensed to act as a Hawaii escrow depository by the commissioner. [L 1967, c 144, pt of §1; HRS §449-5; am L 1969, c 39, §1; am L 1985, c 269, §50; am L 2010, c 49, §1]
Cross References
Title insurers or insurers, see §431:20-106.5.
Structure Hawaii Revised Statutes
Title 25. Professions and Occupations
449-1.6 Name of escrow depository.
449-1.7 Indicia of escrow depository prohibited.
449-1.8 Confidential portion of application or records.
449-1.9 Powers of commissioner
449-3 Excepted from this chapter.
449-5 License required to act as escrow depository.
449-6 Application for license.
449-7 Investigation and ruling.
449-7.5 Licensing requirements.
449-8 Issuance and renewal of license.
449-8.6 Sale or transfer of license or change in control.
449-9 Escrow depository's bond.
449-11 Fidelity bonds; insurance or other security devices.
449-12 Errors and omissions insurance or other security devices.
449-13 Cancellation of bonds or insurance; withdrawal of deposits.
449-16 Accounting for moneys, property, etc.
449-17 Revocation and suspension of licenses.
449-20.5 Closing branch office.
449-21 Maintenance of books and records.