RCW 18.44.071
Escrow officer required for handling transactions—Responsibility of designated escrow officer—Branch escrow officers.
Every licensed escrow agent shall ensure that all escrow transactions are supervised by a licensed escrow officer. In the case of a partnership, the designated escrow officer shall be a partner in the partnership and shall act on behalf of the partnership. In the case of a corporation, the designated escrow officer shall be an officer of the corporation and shall act on behalf of the corporation. The designated escrow officer shall be responsible for that agent's handling of escrow transactions, management of the agent's trust account, and supervision of all other licensed escrow officers employed by the agent. Responsibility for the conduct of any licensed escrow officer covered by this chapter shall rest with the designated escrow officer or designated branch escrow officer having direct supervision of such person's escrow activities. The branch designated escrow officer shall bear responsibility for supervision of all other licensed escrow officers or other persons performing escrow transactions at a branch escrow office.
[ 1999 c 30 § 21; 1977 ex.s. c 156 § 11; 1971 ex.s. c 245 § 7. Formerly RCW 18.44.200.]
Structure Revised Code of Washington
Title 18 - Businesses and Professions
Chapter 18.44 - Escrow Agent Registration Act.
18.44.021 - License required—Exceptions.
18.44.023 - Multistate licensing system—Director's discretion.
18.44.031 - License—Application, requisites.
18.44.041 - Branch offices—Application to establish—Requirements.
18.44.051 - Branch offices—Issuance of license.
18.44.061 - Change in business location, office location, business name—Written notice required.
18.44.081 - Escrow officer's license—Application—Form—Timely filing—Proof of moral character, etc.
18.44.091 - License—Fees—Renewal.
18.44.101 - License—Retention and display by agent—Termination—Inactive licenses.
18.44.111 - Licenses—Form and size—Contents.
18.44.127 - Certificate of registration suspension—Noncompliance with support order—Reissuance.
18.44.131 - License application—Issuance.
18.44.141 - License—Duration—Posting.
18.44.151 - License—Expiration and renewal—Fee.
18.44.161 - License—Reinstatement.
18.44.171 - Engaging in business without license—Penalty.
18.44.181 - Proof of licensure prerequisite to action for fee.
18.44.191 - Director—Educational conferences—Examinations.
18.44.201 - Financial responsibility—Fidelity bond—Errors and omissions policy—Surety bond.
18.44.211 - Cancellation of fidelity bond or surety bond, or both—New bond required.
18.44.231 - Corporation for insuring where bond or policy not reasonably available.
18.44.241 - Waiver of errors and omissions policy requirement—Criteria.
18.44.261 - Waiver—Determination.
18.44.270 - Application of administrative procedure act.
18.44.271 - Waiver—Certificate of waiver.
18.44.291 - Waiver—Application by escrow license applicant.
18.44.301 - Prohibited practices.
18.44.305 - Financial interest in an escrow agent—Prohibited practices.
18.44.311 - Prohibited employment practices.
18.44.410 - Powers of director.
18.44.413 - Informal settlement of complaints or enforcement actions.
18.44.420 - Investigation of violations—Procedure—Powers of director.
18.44.425 - Subpoena authority—Application—Contents—Notice—Fees.
18.44.430 - Actions against license—Grounds.
18.44.440 - Violations—Cease and desist orders.
18.44.450 - Referral fees prohibited—Consumer protection act—Application.
18.44.455 - Possession of property and business—Grounds for director's authority.
18.44.457 - Possession of property and business—Scope of director's authority.
18.44.460 - License suspension—Nonpayment or default on educational loan or scholarship.
18.44.465 - Termination of license—Effect upon preexisting escrows—Notice to principals.
18.44.480 - Remedies—Affecting corporate franchise.
18.44.490 - Authority to prosecute—Grants of injunctive relief, temporary restraining orders.
18.44.500 - Committee to advise director—Members—Compensation and travel expenses.
18.44.510 - Compensation and travel expenses of committee members.