ACT 224, SB2849 SD1 HD1 CD1, 7/6/2016

Posted on Jul 12, 2016 in 2016 Acts

RELATING TO ESCROW DEPOSITORIES.

Clarifies the escrow depositories law by: adding definitions; authorizing the commissioner of financial institutions to use NMLS for its escrow depositories program; adding criminal history record check and disclosure requirements to licensure and change in control applications; updating the escrow depository license renewal date for consistency with NMLS; clarifying sale or transfer of license or change in control requirements; and updating certain fees. (CD1)

ACT 224, SB2849 SD1 HD1 CD1