§ 18.44.465. Termination of license -- Effect upon preexisting escrows -- Notice to principals
The revocation, suspension, surrender, or expiration of an escrow agent's license shall not impair or affect preexisting escrows accepted by the agent prior to such revocation, suspension, surrender, or expiration: PROVIDED, That the escrow agent shall within five work days provide written notice to all principals of such preexisting escrows of the agent's loss of license. The notice shall include as a minimum the reason for the loss of license, the estimated date for completing the escrow, and the condition of the agent's bond and whether it is in effect or whether notice of cancellation has been given. The notice shall afford the principals the right to withdraw the escrow without monetary loss.
[1999 c 30 § 16; 1977 ex.s. c 156 § 9; 1965 c 153 § 13. Formerly RCW 18.44.130.]
Sections: Previous 18.44.400 18.44.410 18.44.420 18.44.430 18.44.440 18.44.450 18.44.460 18.44.465 18.44.470 18.44.480 18.44.490 18.44.500 18.44.510 18.44.901 18.44.902 NextLast modified: April 7, 2009