Fees for supervision and examination of agencies; standards for supervision of escrow agents.
1. The Commissioner shall establish by regulation the fees to be paid by escrow agencies for the supervision and examination of such agencies by the Commissioner or the Division.
2. In establishing the fees, the Commissioner shall consider:
(a) The complexity of the various examinations to which the fees apply;
(b) The skill required to conduct such examinations;
(c) The expenses associated with conducting such examinations and preparing reports; and
(d) Any other factors the Commissioner deems relevant.
3. The Commissioner shall adopt regulations prescribing the standards for determining whether an escrow agency has maintained adequate supervision of an escrow agent pursuant to the provisions of this chapter.
Last modified: February 27, 2006